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Which of the following does not occur in a Type B reorganization? a. The shareholders stock bases carry over to the acquiring corporation. b. The
Which of the following does not occur in a Type B reorganization?
a. The shareholders stock bases carry over to the acquiring corporation.
b. The acquiring corporations basis in the acquired corporations assets depends on the value of the consideration paid.
c. The acquired corporations tax attributes generally remain in the acquired corporation.
d. Neither gain nor loss is generally recognized by the corporations involved, nor is there any recapture of depreciation or investment tax credit.
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