Ask Question
30 March, 22:19

The general rule of Section 357 (a) says that the assumption of a liability by a corporation as part of a Section 351 exchange will be considered boot (that is, other money or property). True False

+1
Answers (1)
  1. 31 March, 01:33
    0
    False. It actually says that "such assumption shall not be treated as money or other property ..."
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The general rule of Section 357 (a) says that the assumption of a liability by a corporation as part of a Section 351 exchange will be ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers