Which of the Following Principles Does Not Need to Be

question 17

Multiple Choice

Which of the following principles does not need to be satisfied for an acquisition to be a tax-deferred reorganization?

• A)Continuity of interest
• B)Continuity of purpose
• C)Business purpose
• D)Continuity of business enterprise

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Definitions:

Engineering Drawing

A technical drawing or plan, used by engineers to accurately represent structures, systems, or parts, which is essential for manufacturing and construction processes.

Tolerances

The permissible limits of variation in a physical dimension, material condition, or other measurable characteristic.

Materials

Substances or components that are used in the manufacturing process to create products.

Route Sheet

A document detailing the operations, materials, and sequence of work required to manufacture a part or assembly, guiding the production process.