When there is an acquisition of control, which of the following would not be true?
A) A taxation year is deemed to occur immediately prior to the date of the acquisition of control.
B) To the extent that fair market value (FMV) of non-depreciable assets is less than the adjusted cost base (ACB), the difference is deemed to be a capital loss incurred prior to the date of the acquisition.
C) A reasonable reserve for doubtful accounts is determined prior to the date of the acquisition.
D) Inventory is valued at the lower of cost or market, and any resulting loss is recognized for tax purposes prior to the date of the acquisition.