QUESTION 9 Gains realized on the sale of personal use assets are taxable True False QUESTION 10 Stock options are a form of compensation that requires a substantial cash outlay by the corporate moyor. True False QUESTION 11 Brace, Inc. owns 90% of West common stock. This year, Brace generated $50,000 operating income and received $10,000 $53,000 $58,000 $50,000 $52,000