Which of the Following Statements Is Correct

question 107

Multiple Choice

Which of the following statements is correct?

• A)The purchase of an unincorporated sole proprietorship is always treated as the purchase of the business.
• B)A taxpayer purchasing a corporation in which the assets are appreciated would prefer to purchase the assets of the corporation.
• C)The purchase of a corporation is always treated as the purchase of the corporate stock.
• D)Only a.and b.are correct.
• E)a. ,b. ,and c.are correct.

---

Definitions:

Lung Cancer

A type of cancer that begins in the lungs, often associated with smoking, though non-smokers can also develop lung cancer.

Defense Mechanism

Unconscious mechanisms employed to shield oneself from anxiety caused by thoughts or feelings considered unacceptable.

Denial

A defense mechanism in which confrontation with a personal problem or with reality is avoided by denying the existence of the problem or reality.

Parietal Lobe

A region of the brain associated with processing sensory information regarding the location of parts of the body as well as visual information.