In a "C" reorganization, the courts have held that as long as the target corporation transfers substantially all the assets to the acquiring corporation, target is permitted to keep assets that formerly had been essential to the active conduct of its trade or business.

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The Answer of In a "C" reorganization, the courts have held that as long as the target corporation transfers substantially all the assets to the acquiring corporation, target is permitted to keep assets that formerly had been essential to the active conduct of its trade or business.

In a "C" Reorganization, the Courts Have Held That as Long