Identify Which of the Following Statements Is True

question 47

Multiple Choice

Identify which of the following statements is true.

• A)Loans made to shareholders in proportion to their stock ownership in the corporation is evidence that the loans are disguised dividends.
• B)Corporate payments for the shareholder's benefit may be a taxable dividend.
• C)If the shareholder can elect to receive distributing corporation stock or money, the receipt of distributing corporation stock will be a taxable dividend.
• D)All of the above are true.

---

Definitions:

William James

A pioneering psychologist and philosopher who was a leading thinker of the late 19th century and is often referred to as the "Father of American psychology."

Self

The individual's awareness of their own identity and personal attributes.

Certainty

The state of being absolutely confident or sure about something.

Material Self

The extension of the self into the body, clothes, and possessions.