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    Exam 18: Corporations: Organization and Capital Structure
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    One Month After Sally Incorporates Her Sole Proprietorship, She Gives
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One Month After Sally Incorporates Her Sole Proprietorship, She Gives

Question 93

Question 93

True/False

One month after Sally incorporates her sole proprietorship, she gives 25% of the stock to her children. Section 351 cannot apply to Sally because she has not satisfied the 80% control requirement.

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