Identify Which of the Following Statements Is False

question 80

Multiple Choice

Identify which of the following statements is false.

• A)Minority shareholders involved in a Sec. 332 subsidiary liquidation must recognize a gain or loss under the Sec. 331 general liquidation rules.
• B)The parent corporation takes a basis in property received when liquidating a subsidiary corporation in a Sec. 332 liquidation equal to its basis to the subsidiary corporation.
• C)Section 332 is applicable to both the parent corporation and the minority shareholders if they exist.
• D)Property received by a minority shareholder takes a basis equal to its fair market value.

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Definitions:

Intermittent Reinforcement

A conditioning schedule in which rewards or punishments are given out at irregular intervals, making a behavior more resistant to extinction.

Continuous Reinforcement

A strategy in behavioral psychology involving the delivery of a reward after every desired action, intending to establish or strengthen behaviors.

Desired Behaviour

Actions or conduct that are preferred or sought after in a particular context or environment.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to increase the likelihood of its occurrence.