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Generally, stock dividends are not taxable under Section 305(a) if they: A are distributions of cash paid upon the ownership of preferred stock. B are

Generally, stock dividends are not taxable under Section 305(a) if they: A are distributions of cash paid upon the ownership of preferred stock. B are distributions of cash paid upon the ownership of common stock. C are pro rata distributions of stock and paid upon the ownership of preferred stock. D are pro rata distributions of stock paid upon the ownership of common stock.

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