In situations where a business ceases to operate and its assets are being sold, it is important that the parties to the transaction make the ITA 22 election with respect to the accounts receivable that are being transferred. Explain this importance.

Question

Quizplus · Accepted Answer

The Answer of In situations where a business ceases to operate and its assets are being sold, it is important that the parties to the transaction make the ITA 22 election with respect to the accounts receivable that are being transferred. Explain this importance.

In Situations Where a Business Ceases to Operate and Its