Identify Which of the Following Statements Is True

question 90

Multiple Choice

Identify which of the following statements is true.

• A)The loss realized on the sale of a property is disallowed when such property was received by a corporation as a contribution of capital in a transaction having as its principal purpose the recognition of loss pursuant to the corporation's subsequent liquidation later in the same taxable year.
• B)Losses claimed in a tax return filed before the adoption of the plan of liquidation are not restricted by Sec. 336(d)(2).
• C)Properties acquired by a liquidating corporation as a capital contribution occurring within three years of the adoption of a plan of liquidation are generally presumed to have a tax avoidance motive.
• D)All of the above are false.

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Definitions:

Emotion-Processing

The method by which emotional information is analyzed, understood, and responded to by the brain and mind.

Interracial Couples

Relationships between partners who belong to different racial backgrounds.

Racism

Bias, unfair treatment, or hostility towards an individual of another race, stemming from the conviction that one's own race is superior.

Discrimination

In the context of psychology, discrimination is the ability to perceive and respond differently to various stimuli.