Ch 20 Quiz - True False 2. While cash distributions may be...

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San Jose State University Business I23A Spring 2009 Quiz Chapter 20: 1. Generally, an individual liquidation of a corporation Name 9:00 shareholder would report the gain that may result from the as ordinary gain, and not capital gain,
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Unformatted text preview: True False 2. While cash distributions may be taxed as a dividend, generally noncash property distributions are not a taxabie event to either the shareholder or the corporation. True z...
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