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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 20: Corporations: Distributions in Complete Liquidation and an Overview of Reorganizations
  5. Question
    A Liquidation Can Occur for Tax Purposes Even Though the Corporation
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A Liquidation Can Occur for Tax Purposes Even Though the Corporation

Question 56

Question 56

True/False

A liquidation can occur for tax purposes even though the corporation has retained some assets to pay remaining debts and preserve legal status.

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