Identify which of the following statements is true. A. Acquisition of the stock of a target corporation in a taxable acquisition transaction is reflected in an increased basis for the target corporation's assets on its books. B. Usually when 100% of the stock of a target corporation is purchased by an acquiring corporation, the basis of the assets of the target corporation reflects the purchase price of the target stock. C. Acquisition of 100% of the stock of a target corporation in a taxable transaction followed by a taxminus−free liquidation of the target corporation permits a stepminus−up in the basis of the target corporation's assets to their FMV. D. All of the above are false.

D. All of the above are false.

Explanation:

Taxable Acquisition (not tax-free acquisition) is a merger where the value of the assets a stockholder receives at the end of the transaction is substantially different from the value of assets before the transaction began. For tax purposes, stockholders are treated as having sold their shares, and are therefore subject to capital gains taxes.

A taxable acquisition of the assets of a target corporation that is subsequently liquidated, results in a loss of the target corporation's tax attributes and shareholders recognizing gain or loss on the surrender of their target stock. An acquiring corporation in a tax-free or a taxable acquisition transaction does not recognize gain or loss when its stock is issued in exchange for property.

borrow money from the government then pay the government back 5k

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.