Identify Which of the Following Statements Is False

question 26

Multiple Choice

Identify which of the following statements is false.

• A) The rules for the recognition of a gain or loss by a corporation that distributes property in redemption of its stock are the same as the rules for property distributions that are not in redemption of stock.
• B) Under Sec. 311, a corporation does not recognize a loss when it distributes property that has declined in value.
• C) When a stock redemption is considered a sale of stock by the shareholder, the E&P of the redeeming corporation is reduced by the FMV of the property used to redeem the stock.
• D) Generally, little or no gain is recognized by the redeeming shareholder in a qualified Sec. 303 redemption.

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Definitions:

Reuptake

A process by which neurotransmitters are absorbed back into a neuron after having been released into a synapse, thus terminating the transmission of signals.

Excitatory PSPs

Excitatory postsynaptic potentials are increases in potential that bring a neuron closer to the threshold for firing, facilitating the transmission of signals.

Inhibitory PSPs

Post-synaptic potentials that make a post-synaptic neuron less likely to generate an action potential.

Absolute Refractory Period

A period immediately following the firing of a nerve fiber when it cannot be stimulated for a brief period, regardless of how strong the incoming stimulus may be.