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

Question

Quizplus · Accepted Answer

Continuity of purpose is not a requirement for an acquisition to be a tax-deferred reorganization. The other three principles mentioned - business purpose, continuity of business enterprise, and continuity of interest - must be satisfied in order for an acquisition to qualify as a tax-deferred reorganization.

Which of the Following Principles Does Not Need to Be