The doctrine ensures that the acquiring corporation cannot immediately sell the target corporation's assets it receives in the reorganization. The doctrine also prevents transactions that appear to be sales from qualifying as nontaxable reorganizations.

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The Answer of The doctrine ensures that the acquiring corporation cannot immediately sell the target corporation's assets it receives in the reorganization. The doctrine also prevents transactions that appear to be sales from qualifying as nontaxable reorganizations.

The Doctrine Ensures That the Acquiring Corporation Cannot Immediately Sell