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QUESTION 13 Pursuant to Section 166, an ordinary loss deduction is allowed to non-corporate lenders for non-business bad debts. True False QUESTION 14 Upon a

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QUESTION 13 Pursuant to Section 166, an ordinary loss deduction is allowed to non-corporate lenders for non-business bad debts. True False QUESTION 14 Upon a redemption by a corporation of shares, the shareholder always may be accorded sale or exchange treatment only if the shares were voting stock. True False

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