Cash is not considered Property for purposes of a Section 351 Transfer FALSE TRUE QUESTION 21 357(c) ( Debt Exceeds The Basis Of Properties Transferred ) apply to the same transfer Section 357(b) If both Section 357 ( b ) ( No Bona Fide Business Purpose ) and Section controls FALSE TRUE QUESTION 22 A Constructive Dividend takes place when a shareholder ronts property from a Corporation for more than its Fair Rental Valuo TRUE FALSE

ris is tan