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Question 5 (1 point) Which of the following transactions that involve an increase in PUC will result in an ITA 84(1) deemed dividend? A corporation

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Question 5 (1 point) Which of the following transactions that involve an increase in PUC will result in an ITA 84(1) deemed dividend? A corporation issues shares to a creditor in order to settle debt with a carrying value less than the PUC of the newly issued shares. The PUC of one class of shares is increased, and the PUC of another class is decreased an equivalent amount. A stock dividend is declared that increases PUC in excess of the increase in net assets. When consideration received for shares issued is in excess of the amount added to PUC

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