W Corporation will acquire all of the assets and liabilities of Z Corporation in a Type A

Question:

W will acquire all of the assets and liabilities of Z in a Type A merger, after which W will sell off all of its assets and liabilities and focus solely on Z Corporation's business. Explain whether the transaction will be taxable because W fails the continuity of business enterprise test.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...