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There are seven tiers related to allocating the purchase price among the transferred assets using a residual. Class VII is applies to: Question 3Answer a.

There are seven tiers related to allocating the purchase price among the transferred assets using a residual. Class VII is applies to: Question 3Answer a. Certificates of deposit, US government securities, and readily marketable stock b. Goodwill and going concern value c. all other assets. d. Stock in trade or inventory of a taxpayer

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