Ch 19 Quiz - would not qualify under $351 as a tax-free...

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San Jose State University Business I23A Spring 2009 Quiz Chapter 19: 1. Three individuals desire to form a new corporation in which they will each own one third of the stock. They all agree to transfer appreciated properly to the corporation for stock. Because each shareholder will own oniy 33 Il3% of the stock, the transactions
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Unformatted text preview: would not qualify under $351 as a tax-free transfer. True V False X 2. In order to qualify for the dividends received deduction, the receiving corporation must be a "small" entity. Therefore, lar-ee publicly traded corporations are not eligible for the dividends received deduction. True False /...
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This note was uploaded on 09/08/2010 for the course BUS 123A at San Jose State University .

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