Quiz 4a - Available: A339/539 Quiz 04a 30 minutes (General...

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Available: A339/539 Quiz 04a 30 minutes (General rules)    Points Possible  10  Points Earned  10  Points Missed  0  Points Ungraded  0  Score  100.0% 1. (T/F)  M Corporation has 100 shares of outstanding stock, all of which are owned  by B. Assuming M Corporation redeems 70 of B's shares, the redemption does  not qualify for exchange treatment. Response: TRUE Answer: TRUE  Points: 1 / 1 2. (T/F)  Z Corporation has two equal shareholders, X and Y. Z redeems all of X’s  shares. It is possible that the redemption may be treated as a dividend to X.  Response: TRUE Answer: TRUE  Points: 1 / 1 3. (T/F)  Z Corporation has two equal shareholders, X and Y. Z redeems all of Y’s  shares. It is possible that the redemption may be treated as a sale of stock by Y  to Z, resulting in capital gain or loss. Response: TRUE
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Quiz 4a - Available: A339/539 Quiz 04a 30 minutes (General...

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