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A taxable merger (e.g., cash in exchange for the target stock) results in a step-up in the acquired assets. TRUE/FALSE The courts require the acquired

A taxable merger (e.g., cash in exchange for the target stock) results in a step-up in the acquired assets. TRUE/FALSE

The courts require the acquired shareholders receive some equity in the acquiring corporation in exchange for their target stock in order to qualify as an A reorganization. TRUE/FALSE

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