Which of the Following Statements Is Correct

question 83

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 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 always treated as the sale of the corporate stock.
• D)Only a.and b.are correct.
• E)a. ,b. ,and c.are correct.

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Definitions:

Tuition

The fee charged for instruction, typically at an educational institution like a university or college.

Opportunity Cost

The worth of the best option given up because of a choice made.

Dollar Terms

Financial transactions or economic measurements that are denominated in the U.S. dollar currency.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision, essentially what you give up to get something else.