Shareholders of C Corporations Receiving Property Distributions Must Recognize Dividend

question 32

True/False

Shareholders of C corporations receiving property distributions must recognize dividend income equal to the fair market value of the distributed property if the distributing corporation has sufficient earnings and profits.

---

Definitions:

Phobia

An extreme or irrational fear of or aversion to something.

Phobia

An intense, irrational fear of specific objects, situations, or activities that leads to avoidance behavior and significant distress or impairment in functioning.

Irrational

Pertaining to thoughts or actions not based on reason or logic.

Projective Tests

Psychological assessment tools that use ambiguous stimuli to elicit responses that reveal aspects of an individual's personality, motivations, or conflicts.