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:A
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