Corporate Shareholders Would Prefer to Have a Gain on a Reorganization

question 55

True/False

Corporate shareholders would prefer to have a gain on a reorganization treated as a dividend rather than as a capital gain, because of the dividends received deduction.

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Definitions:

Spoliation

The intentional or negligent destruction, alteration, or concealment of evidence that is relevant to a legal proceeding.

E-evidence

Digital evidence stored on electronic devices, used in court to support legal claims or defenses.

Default Judgment

A judgment entered by a court against a defendant who has failed to appear in court to answer or defend against the plaintiff’s claim.

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.