QUESTION 32 Mercedes and her daughter, Charlotte, are the sole shareholders of Amelia Corporation. Mercedes terminates her entire stock ownership in Amelia Corporation. One (1) year later, Mercedes loans Amelia Corporation $50,000. Because of this loan, the termination of Mercedes' stock ownership the year befors can no longer be treated as a stock redemption. True False QUESTION 33 Michelle and her daughter, Gloria, are the sole shareholders of Zoe Corporation. Gloria terminates her entire stock ownership in Zoe Corporation by selling all of her stock back to the corporation. One (1) year later, Gloria buys the stock of Michelle in Zoe Corporation. Despite this, Gloria's complete termination of her interest can stil be treated as a qualified Stock Redemption. True False QUESTION 34 A Spin-Up is where a Parent Corporation gives stock of its Subsidiary to its shareholders and the shareholders give up nothing in return. O False True