QUESTION 7 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 still be treated as a qualified Stock Redemption. False True QUESTION 8 Losses to the distributing corporation in a Corporate Liquidation are disallowed in related-party situations only if the property distributed to the shareholders is a non pro- rata distribution. True False