Question
A personal holding company will always meet the ownership test if more than 20 percent of the value of its outstanding stock is owned by
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A personal holding company will always meet the ownership test if more than 20 percent of the value of its outstanding stock is owned by 5 or fewer individuals at any time during the last six months of the tax year.
True
False
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Financial Accounting
Authors: Arne E. Jorgensen
1st Edition
8759340886, 9788759340882
