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Question 27 2 Points Later on, Frances friend Matthew rendered legal services to the corporation worth $75,000. In exchange, he received 1000 shares of Corporation

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Question 27 2 Points Later on, Frances friend Matthew rendered legal services to the corporation worth $75,000. In exchange, he received 1000 shares of Corporation X stock. Under Section 351, this transaction is taxable as it applies to Matthew. A True B False

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