27

With IRD, there is no step up (or step down) of basis as to these assets, Select one: True False What is in called when two corporations come together and a new corporation is created while both of the other -orporation ceasing to exist? (one word) Answ With IRD, there is no step up (or step down) of basis as to these assets, Select one: True False What is in called when two corporations come together and a new corporation is created while both of the other -orporation ceasing to exist? (one word) Answ