In a Sec: 351 exchange, the cerporaton's bavis in the shareholsees peoperty is hasased by the gain recognized by the shavehylder: True False QUESTION 4 resebes $10,000 trom the corporacon. What are D's resognized gein and bisis in the stock innostsont, respectively? $0,$15,000$0,$25,000$10,000,$15,000$10,000;$25,000 QUESTION 5 Deduet $3,000 this year cary ove to next year $2,000 as a short-1ean captal lost. Deduct $3,000 this yeec arry over fo nent yese $2,000 as a long thm capital loss Deduct $5,000 thin year, no camy over to neat year Dedvet 50 this yeor; carry bod thee yeurs 55,000 as a short term captal loss QUESTION 6 In the curtent year, corporations are taxed at a far 21 perceer of ther lavable income. True False QuESTION 7 True False