In a taxable business combination, which of the following statements are true? (select all that are true)

		The acquiring entity must pay income tax on the transaction.
		The former stockholders of the acquired entity must pay income tax on the transaction.
		The new tax basis of the assets and liabilities acquired (other than goodwill) will be the same as their previous tax basis.
		The new tax basis of the assets and liabilities acquired (other than goodwill) will be the same as their new book basis for purposes of consolidation.
		The new tax basis of the assets and liabilities acquired (other than goodwill) will equal their fair values.