MCQOPTIONS
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| 1. |
What are the tax consequences of a taxable merger? |
| A. | Selling shareholders can defer any capital gain until they sell their shares in the merged company |
| B. | Depreciation tax shield is unchanged by merger |
| C. | Selling shareholders must recognize any capital gain |
| D. | Depreciable value of assets will remain unchanged |
| Answer» D. Depreciable value of assets will remain unchanged | |