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3 years ago

15

Old Corp. (target) merges into New Corp (acquiring) in a statutory Type A merger. What will the basis in Old Corp.'s assets be i

n the hands of New Corp

1 answer:

Murljashka [212]3 years ago

5 0

Answer:

Carryover basis

In a Type A merger, the basis of the assets and liabilities carries over to the surviving entity.

Explanation:

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