A Purchaser Has Agreed to Purchase All of the Shares

A purchaser has agreed to purchase all of the shares of Tee Co.,a CCPC.Tee Co.owns fifteen significant capital assets,all of which have appreciated in value.Which of the following is TRUE?

A) The purchaser will obtain a cost base of the assets equal to their fair market values.
B) Capital cost allowance will be based on higher asset values for the purchaser than was the case for the vendor.
C) The sale will result in business income for the vendor.
D) The purchaser will be responsible for the liabilities of Tee Co.