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:

Blood Crossmatch

A laboratory test performed before a blood transfusion to determine if the donor's blood is compatible with the blood of the recipient.

Complete Blood Count

A medical test that evaluates the cells that circulate in blood, including red and white blood cells and platelets.

Differential Count

A lab test that measures the amounts of different types of white blood cells in the blood, used to diagnose and monitor various diseases and conditions.

Hematocrit

A measure of the proportion of blood volume that is occupied by red blood cells.