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35) Which of the following statements is true? A. A stock redemption not treated as an exchange will automatically be treated as a taxable dividend.

35) Which of the following statements is true? A. A stock redemption not treated as an exchange will automatically be treated as a taxable dividend. B. A stock redemption is treated as an exchange only if it meets one of three stock ownership tests described in the Internal Revenue Code. C. All stock redemptions are treated as dividends if received by an individual. D. All stock redemptions are treated as exchanges for tax purposes

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