Which of the following might be reasons for a corporation to redeem its stock from a shareholder?

a.	The shareholder wants to leave the business and the remaining shareholders dont want outsiders owning part of the business	c.	The corporation agrees to redeem the stock of a shareholder who dies in a buy-sell agreement
b.	A divorcing spouse-shareholder wants to leave the business	d.	All of these

In a Section 351 transaction, Bruce transfers the following assets to Newcorp. for all of its stock:

Basis Fair market value

Equipment $200,000 $180,000

Land 400,000 460,000

Building 300,000 200,000

Totals $900,000 $840,000

Newcorps basis in the equipment after the exchange is:

a.	$200,000	c.	$190,000
b.	$180,000	d.	$60,000

Which of the following opening phrases would not be likely for an Internal Revenue Code Section concerning corporate distributions?

a.	For purposes of Subchapter K	c.	For purposes of Subchapter C
b.	For purposes of this Subtitle	d.	For purposes of this Part