The bootstrap purchase of assets:
A) is a direct purchase of the entire assets of a firm.
B) means the entrepreneur purchases a small percentage of a firm for cash.
C) frequently results in a long-term capital gain to the seller.
D) results in double taxation.

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The Answer of The bootstrap purchase of assets:
A) is a direct purchase of the entire assets of a firm.
B) means the entrepreneur purchases a small percentage of a firm for cash.
C) frequently results in a long-term capital gain to the seller.
D) results in double taxation.

The Bootstrap Purchase of Assets