In what way is a wind-up of a 100% owned subsidiary by a parent corporation not the same as an amalgamation of the two corporations? Multiple Choice 

Carry forward losses of the subsidiary are no longer available to the parent corporation. 

The shareholders of the parent corporation must be Canadian. 

On a wind-up, the assets are considered sold at their current value. 

On a wind-up, the subsidiary ceases to exist and the parent corporation continues