The Transfer of the Assets of a U

question 73

True/False

The transfer of the assets of a U.S. corporation's foreign branch to a newly formed foreign corporation is always tax deferred under § 351.

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Definitions:

Reaction

A chemical change that occurs when substances combine or decompose forming new compounds.

Boiling Point

The temperature at which a liquid’s vapor pressure equals the external pressure surrounding the liquid, causing it to turn into vapor.

Molecules

The smallest unit of a chemical compound that can exist, composed of two or more atoms bonded together chemically.

Compound Name

The designation of a chemical substance based on its composition and structure.