46 When does a complete liquidation of a corporation occur? When it acquires all stock from its shareholders in exchange for all of its net assets, after which the corporation ceases to do business When it acquires all stock from its shareholders for all of its net assets, but the corporation does not cease to do business When it acquires all stock from its shareholders in exchange for 50% of its net assets When it acquires more than 50% of stock from its shareholders in exchange for all of its net assets Question navigation