Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A)The acquired corporation in a Type C reorganization may retain its corporation charter.
• B)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and $25,000 in cash. Beta is subsequently liquidated. This exchange qualifies as a Type C reorganization.
• C)Alpha Corporation acquires 100% of the assets of Beta Corporation in exchange for $75,000 of Alpha stock and the assumption of $25,000 of Beta liabilities. Beta is subsequently liquidated. This exchange does not qualify as a Type C reorganization.
• D)All of the above are false.

---

Definitions:

Originality

The quality of being novel or unusual; the ability to think independently and creatively.

Inventiveness

The quality of being skilled at inventing, devising, or contriving new ideas, methods, or devices.

Vision

A forward-looking statement or concept that outlines what an organization or individual aspires to achieve in the future.

Creativity And Innovation

The ability to generate new ideas, solutions, or novel approaches, which can lead to new or improved products, services, or processes.