One of the key motives for combinations is the tax benefit of
A. reducing the marginal tax rate.
B. taking advantage of the other firm’s tax loss carryforward.
C. using capital gains.
D. increasing additional recaptured depreciation.
Answer:B
One of the key motives for combinations is the tax benefit of
A. reducing the marginal tax rate. B. taking advantage of the other firm’s tax loss carryforward. C. using capital gains. D. increasing additional recaptured depreciation.