Which of the following statements is true regarding a split off? ...
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Accounting
Which of the following statements is true regarding a split off?
| A split-off is the distribution of shares of a subsidiary company to shareholders in the form of a dividend. |
| In a split-off, the parent company exchanges shares that it owns in a subsidiary for shares of the parent company owned by its stockholders. |
| Only a split-off can result in the recognition of a gain if the distribution of shares to the stockholders is not pro rata. |
| Answers b and c only |
| All of these statements are true regarding a split-off. |
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