MCQOPTIONS
Saved Bookmarks
| 1. |
If an acquisition is made using cash payment then the acquisition is: |
| A. | taxable |
| B. | viewed as exchanging of shares and is not taxed |
| C. | a tax-free transaction as no capital gains or losses are recognized |
| D. | none of the above |
| Answer» B. viewed as exchanging of shares and is not taxed | |