Which of the Following Statements Is Correct

question 143

Multiple Choice

Which of the following statements is correct?

• A) The sale of an unincorporated sole proprietorship is always treated as the sale of the individual business assets.
• B) The sale of a partnership is treated as the sale of the individual assets only if the sales transaction is structured as the sale of the individual assets.
• C) The sale of a corporation is either treated as the sale of the corporate stock or as the sale of the individual assets.
• D) Only a. and b. are correct.
• E) a., b., and c. are correct.

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Definitions:

Government Agency

An organization within the government responsible for the administration of specific functions or the enforcement of laws.

Second Amendment

A part of the U.S. Bill of Rights that protects the right of individuals to keep and bear arms.

District of Columbia

The capital city of the United States, Washington D.C., which is not part of any state and has a unique legal and administrative status.

Self-defense

The right to use reasonable force to protect oneself or others from physical harm.