Which of the following principles does not need to be satisfied for an acquisition to be a tax-deferred reorganization?

Which of the following principles does not need to be satisfied for an acquisition to be a tax-deferred reorganization?

Which of the following principles does not need to be satisfied for an acquisition to be a tax-deferred reorganization?


A) Continuity of interest.

B) Continuity of purpose.

C) Business purpose.

D) Continuity of business enterprise.


Answer: B


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