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A Tax Advantage of Business Combination Can Occur When the Existing

Question 1

Multiple Choice

A tax advantage of business combination can occur when the existing owner of a company sells out and receives:​


A) ​cash to defer the taxable gain as a "tax-free reorganization."
B) ​stock to defer the taxable gain as a "tax-free reorganization."
C) ​cash to create a taxable gain.
D) ​stock to create a taxable gain.

Correct Answer:

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