beta corporation owns assets valued at $1,500,000 with liabilities of $700,000, and alpha holds assets valued at $350,000 with liabilities of $150,000. beta transfers 200,000 shares of stock and $50,000 cash, and it accepts $100,000 of alpha’s liabilities, in exchange for all of the alpha assets. alpha distributes the beta stock to its shareholders for their alpha stock and then ceases to exist.

"Type A" reorganization. The transaction does not qualify as a "Type C" reorganization because substantially all of the assets are not acquired with voting stock.

What are liabilities?

A liability is anything that a person or organisation owes, usually money. Advances, accruing costs, mortgages, bonds, accounts payable, securities, and deferred revenues are all included in the liabilities section of the asset report.

Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.

A company's liabilities are essential since they are utilised to fund operations and big expansions. They can also speed up business-to-business transactions.

Liabilities reduce your company's worth and equity, but assets create value and enhance equity. The more your assets exceed your liabilities, the better off financially your company is.

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