Identify Which of the Following Statements Is False

question 59

Multiple Choice

Identify which of the following statements is false.

• A)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.
• B)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.
• 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)A corporation that distributes the stock of a subsidiary may elect to treat the distribution as a sale of the subsidiary's assets.

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Definitions:

Attrition Rates

The rate at which participants drop out of a study or program over time.

Racial/Ethnic Minority Group

A socially defined category of people who are identified by shared heritage, culture, language, or common ancestry and who often have fewer opportunities or resources compared to the majority group within a society.

General Population

Refers to the total group of individuals that could potentially be the subject of a study or research without any specific exclusions.

LGBT Clients

Individuals who identify as lesbian, gay, bisexual, or transgender seeking services or support, particularly in contexts relating to their identities.