Monica contributes appreciated property (.e, Adjusted Basis of $65,000 and Fair Market Value of $100,000) to her business entity in a transaction which qualifies for nonrecognition of gain, Monica's ownership Interest in the business entity is skaty percent (60%). The business entity later sells the appreciated property for $110,000. The property is not depreciable. If the entity is a Regular (Corporation, Monica's Gross income is increased from the sale of the property by the Corporation by $41,000, O True False | QUESTION 5 Actual Dividends paid to shareholders of a Regular (C) Corporation result in Double Taxation. Likewise, Constructive Dividends (eg. Personal use of corporate property by a shareholder, etc.) result in Double Taxation False True