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  3. Study Set
    Concepts in Federal Taxation
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    Exam 13: Choice of Business Entity-General Tax and Nontax Factorsformation
  5. Question
    Continuity of Life Refers to Whether an Entity Continues to Operate
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Continuity of Life Refers to Whether an Entity Continues to Operate

Question 57

Question 57

True/False

Continuity of life refers to whether an entity continues to operate or technically dissolves and ceases to exist in its present form when a change occurs in the ownership structure.

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