Property Distributed by a Corporation as a Dividend Is Subject

question 183

True/False

Property distributed by a corporation as a dividend is subject to a liability in excess of its basis. For purposes of determining gain on the distribution, the basis of the property is treated as being not less than the amount of liability.

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Definitions:

Polychronic Cultures

Cultures in which time is used to accomplish many different things at once.

Tight Cultures

Cultures that have strict norms and expectations for behavior, leading to less tolerance for deviation from these norms.

Social Norms

Rules that a society or group uses to determine appropriate and inappropriate values, beliefs, attitudes, and behaviors.

High-context Cultures

Cultures in which communication relies heavily on contextual and non-verbal cues, with less emphasis on explicit, direct language.