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An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. While there are many considerations when negotiating the type of transaction, tax implications and potential liabilities are the primary concerns.
If the asset is held for trading then it is taken to the profit and loss account directly, and if the asset is an âavailable-for-saleâ asset then it is taken directly to the equity as âother comprehensive incomeâ.