Which of the Following Statements Is TRUE Regarding the Disposal

question 6

Multiple Choice

Which of the following statements is TRUE regarding the disposal of shares by a shareholder?

• A)The sale of shares to the corporate treasury is not allowed in the Income Tax Act.
• B)When a shareholder sells shares to other shareholders, the corporation's capital base increases.
• C)The sale of shares to other shareholders is known as a 'buy-back'.
• D)The sale of shares to the corporate treasury may result in a deemed dividend and a capital gain or loss to the shareholder.

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Ignoring Conflicts

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A strategic planning approach that uses dot voting to prioritize tasks or ideas in a visual and collaborative manner.

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