A parent corporation generally recognizes no gain or loss on property it receives upon the liquidation of a subsidiary corporation. O True O False Current E&P must be apportioned to all distributions that are made during the tax year. True O False A shareholder can waive family attribution rules, provided certain circumstances are met in a complete termination of his or her interest. O True O False Accumulations of earnings for working capital constitutes a reasonable business need that can help avoid the accumulated earnings tax. O True O False In calculating accumulated taxable income, both the accumulated earnings credit and dividends-paid deduction are subtracted from adjusted taxable income. O True O False A corporation may be required to recapture (as ordinary income) a greater portion of its gain on the sale of depreciable real property than would an individual taxpayer. O True O False