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Which of the following would NOT be an occasion in which an S would be required to pay tax? a. Appreciation in the value of

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Which of the following would NOT be an occasion in which an S would be required to pay tax? a. Appreciation in the value of real property when the S used to be a C b. The use of LIFO, in times of inflation, when the S used to be a C c. Net excessive passive income in accumulated E&P d. All of the above would be circumstances in which a S would pay tax

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