32. Research by Hayn on the role that the tax attributes of transactions played in determining abnormal returns for targets and acquirers found: 33. In a Type B reorganization in the United States, at least what percent of the payment to the target must be stock in the acquiring company: 34. Research by Auerbach and Reishus found that: 35. In the United States, goodwill is amortized over a period not exceeding: 36. In the United States and under the purchase method, the acquiring company is entitled to income of the acquired company only from the date of purchase. 37. Research seeking to find the existence of asset basis step-up as a motivating factor for mergers and acquisitions before the Tax Reform Act of 1986, such as research by Auerbach and Reishus, confirmed that asset basis step-up was a significant motivating factor. 38. The United States just lowered its corporate tax rates and this should greatly reduce, if not eliminate, the demand for tax-based corporate inversion? 39. There are different types of Type D reorganizations and one type covers acquisitions while another type covers breakups such as spinoffs. 40. In the United States, a transaction may be partially taxable if the consideration is a combination of stock and cash.
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