Distributions by a Corporation to Its Shareholders Are Presumed to Be

question 16

True/False

Distributions by a corporation to its shareholders are presumed to be a return of capital unless the parties can prove otherwise.

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Definitions:

Short-tempered

Having a tendency to become angry or irritated easily.

Genetics

The study of genes, heredity, and variations in organisms, explaining how traits are passed from parents to offspring.

Temperament

An individual's innate personality traits and characteristic ways of reacting to the environment, often noticeable from infancy.

Second-born

Refers to the child that is born second in order within a family, following the first-born.