Match the Following Items with the Statements That Follow

Multiple Choice

Match the following items with the statements that follow. Terms may be used more than once.
-When the transactions are so interdependent that the accomplishment of one would be fruitless without the completion of the series.

A) Boot
B) Business credits
C) Capital gain
D) Continuity of business enterprise
E) Continuity of interest
F) Dividend
G) Discount rate
H) Earnings and profits
I) Federal long-term tax-exempt rate
J) Liability assumption
K) Ordinary gain
L) Ownership change
M) Section 382 limitation
N) Sound business purpose
O) Step transaction