QUESTION 1 Geralyn and Thibodeaux each own one half (t/2) of the stock of Walker Corporation, a Regular Corporation that he has stock or $100,000 Walker Corporation has Accumulated Earnings And Pro EP of $500,000. Wave Corporation for the SR0.000 and it distributes 350.000 to each shareholder Geralyn's basis in her stock at the end of the year 190.000 False O The QUESTION 2 The Section 1231 Gain and Section 1231 Loss rules and the Section 1245 Depreciation Recapture and Section 1250 Depreciation Recapture rules aptly directly or indirectly to Partnerships. o True False QUESTION 3 Paying reasonable" compensation (salary) to a shareholder/employee of a Regular (Corporation avoids Double Taxation on the amount of the compensation (salary). True False QUESTION 4 Iata mayor contribute an appreciated asset to a business entity and the Head Gain is not record there is Carrowers to me interest and there is a carryover basis for the entity for the asset TO False QUESTIONS Boins an individual owns forty percent (40%) of the Robble Company for which her basis is $100,000. Boins sells one half (1/2) of her ownership interest to Geralyn for $80,000, If Robble Company is a Regular (C) Corporation, Boins has a recognized Capital Gain of $30,000 False True QUESTION 6 An effective way for all Regular (C) Corporations to avoid Double Taxation is not to make any Dividend distributions to shareholders and therefore, not face any consequences regarding the non payment of Dividends. True False