Identify Which of the Following Statements Is False

question 37

Multiple Choice

Identify which of the following statements is false.

• A) Sec. 337(a) provides that the liquidating corporation recognizes no gain or loss on the distribution of property to the 80% distributee in a complete Sec. 332 liquidation.
• B) A corporation that distributes the stock of a subsidiary may elect to treat the distribution as a sale of the subsidiary's assets.
• C) The depreciation recapture provisions in Secs. 1245 and 1250 override the Sec. 337(a) nonrecognition rule if a controlled subsidiary corporation is liquidated into its parent corporation.
• D) Liquidating distributions made to minority shareholders in the tax- free liquidation of a controlled subsidiary corporation are treated by the liquidating corporation in the same way as nonliquidating distributions.

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Definitions:

Disclose Sexual Abuse

The act of revealing experiences of sexual harm or exploitation, often in a safe and supportive environment.

Documented Reasons

Refer to recorded reasons or rationale, often used in contexts where explanations for decisions or actions are meticulously kept for documentation or evidence.

Overwhelming Guilt

An intense feeling of responsibility or remorse for a perceived or real wrongdoing, which can significantly impact mental health.

Council for Accreditation

An organization responsible for establishing standards and reviewing the qualifications and practices of institutions or programs to ensure quality and competency.