6. The stock of closely held corporations is typically restricted as to transferability by some type of buy-sell agreement. True False 7. A nonprofit corporation may incur a federal income tax if it has unrelated business income True False 8. Eagle, Inc. made a contribution to the Boy Scouts of $25,000 during its current tax year. The corporation's taxable income before any charitable contribution deduction was $200,000. The corporation has a current charitable contribution deduction of $25,000 True False 9. The purpose of Schedule M-1 is to explain the differences between financial statement income and taxable income True False 10. The Schedule M-3 reconciliation requires less detailed information than the M-1 reconciliation True False