A Liquidation of a Corporation Always Is a Taxable Event

question 64

True/False

A liquidation of a corporation always is a taxable event for the shareholder(s) of the liquidated corporation.

---

Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a reflexive or unlearned response.

Salivation

The secretion of saliva, often in response to the sight, smell, or taste of food, which is part of the digestive process.

Food

Any nutritious substance that humans or animals eat or drink to maintain life and growth.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer.