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The liquidation of a C-Corporation is non-taxable under what circumstances? a. The liquidation of a corporation by an individual under IRC 331 b. The liquidation of a corporate subsidary into a corporate parent qualifiying under IRC 332 c. Where all assets held by the C-Corporation qualify as 1231 property used in a trade or business d. Never

The liquidation of a C-Corporation is non-taxable under what circumstances? a. The liquidation of a corporation by an individual under IRC 331 b. The liquidation of a corporate subsidary into a corporate parent qualifiying under IRC 332 c. Where all assets held by the C-Corporation qualify as 1231 property used in a trade or business d. Never

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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13 The liquidation of a C-Corporation is non-taxable under what circumstances?

a. The liquidation of a corporation by an individual under IRC 331
b. The liquidation of a corporate subsidary into a corporate parent qualifiying under IRC 332
c. Where all assets held by the C-Corporation qualify as 1231 property used in a trade or business
d. Never

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