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57. A, B&C (unrelated individuals) each own 25 shares of Corporation Y's common stock. Corporation Y declares a dividend payable to all shareholders in

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57. A, B&C (unrelated individuals) each own 25 shares of Corporation Y's common stock. Corporation Y declares a dividend payable to all shareholders in the amount of $10 in cash or 5 additional shares of common stock. All shareholders elect to receive additional shares of stock. The above distribution will be tax free to the shareholders: a. True b. False Jane and makes the respective stock distributions

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