In the Purchase of an Existing Business, the Direct Purchase

In the purchase of an existing business, the direct purchase of the firm's entire assets usually results in__________.

A) a long-term capital gain to the seller
B) double taxation on the funds used to repay the money borrowed to acquire the company
C) a short-term tax saving for the buyer
D) a long-term capital gain to the seller and a short-term tax saving for the buyer
E) a long-term capital gain to the seller and double taxation on the funds used to repay the money borrowed to acquire the company