An individual 401(k) plan combines a profit sharing plan with an individual 401(k) plan.

While acquiring firms on average ______ around the merger announcements, target firms _____ .

A. neither gain nor lose; suffer substantial losses. B. Suffer significant losses C. Reap substantial gains substantial gams u]suffer substantial losses D. Neither gain nor lose; reap substantial gains E. None of the above

You may deduct an IRA investment only if you itemize expenses

Indicate whether the statement is true or false.