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Indicate whether the following statements about corporate distributions are true or false. Q1: When corporations distribute non-cash property to shareholders, they are required to recognize

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Indicate whether the following statements about corporate distributions are true or false. Q1: When corporations distribute non-cash property to shareholders, they are required to recognize unrealized gains and losses upon distribution, Select) Q2: A constructive dividend is a dividend masked as something else, including unreasonable compensation to an employee-shareholder, personal use of property by an employee-shareholder, and below-market loans to a shareholder. Select Q3: Constructive dividends are most common among widely held corporations where employees and shareholders are unrelated parties. Select Q4: Assuming the corporation has sufficient E&P, stock dividends result in dividend income equal to the number of shares distributed multiplied by the fair market value of the share price on the distribution date. Select Q5: Share repurchases are an advantageous way of getting funds to shareholders because (1) shareholders often receive capital gain (loss) treatment on gains (losses) realized when selling shares to the form in a share repurchase, and (2) shareholders get to determine whether they want to participate in the distribution Select Q6: In a standard corporate liquidation. (1) the corporation will recognize all unrealized gains Llosses) on distributed property and (2) the shareholders will recognize capital gains (losses) to the extent the of cash/property exceeds (falls short of their tax basis in their shares. Select]

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