The general rule for corporate reorganizations is that the corporations involved in a restructuring and their shareholders do not recognize gain or loss on the restructuring.However,there are situations when the corporations or shareholders may recognize gains.Explain when gain recognition can occur.

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The Answer of The general rule for corporate reorganizations is that the corporations involved in a restructuring and their shareholders do not recognize gain or loss on the restructuring.However,there are situations when the corporations or shareholders may recognize gains.Explain when gain recognition can occur.

The General Rule for Corporate Reorganizations Is That the Corporations