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Value Added Tax
?
Deemed sale" for VAT purposes includes inventories of taxable goods existing at the time of:
Change of control of a corporation thru the acquisition of the controlling interest.
Change in the trade name or corporate name of the business.
Merger or consolidation.
Dissolution of a partnership and the creation of a new partnership.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
Dissolution of a partnership and the creation of a new partnership.
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