Which one of the following statements is correct?
A) If an acquisition is made with cash, then the cost of that acquisition is dependent upon the acquisition gains.
B) Acquisitions made by exchanging shares of stock are normally taxable transactions.
C) Shareholders of the acquired firm must immediately realize capital gains/losses in a cash acquisition.
D) Shareholders of the acquired firm are generally indifferent between a cash or a stock transaction.
E) Acquisitions based on legitimate business purposes are not taxable transactions regardless of the means of financing used.
C) Shareholders of the acquired firm must immediately realize capital gains/losses in a cash acquisition.
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The management of a department store is interested in estimating the difference between the mean credit purchases of customers using the store's credit card versus those customers using a national major credit card. You are given the following information. Store's Card Major Credit Card Sample size64 49 Sample mean$140 $120 Population standard deviation$10 $8 ? A 95% confidence interval estimate for the difference between the average purchases of all customers using the two different credit cards is
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a. True b. False Indicate whether the statement is true or false