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  3. state whether true or false and please be sure you

State whether True or False and please be sure your answer is right, thank you....

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Accounting

State whether True or False and please be sure your answer is right, thank you.

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20. A stock distribution in lieu of money is nontaxable only if the recipient opts to receive stock. The value of Corp. A preferred stock distributed to a holder of Corp. A common stock is a taxable event to the recipient shareholder. 21

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