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    Taxation of Individuals
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    Exam 18: Corporate Taxation: Nonliquidating Distributions
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    This Year the Shareholders in Lucky Corporation Can Choose Between
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This Year the Shareholders in Lucky Corporation Can Choose Between

Question 32

Question 32

True/False

This year the shareholders in Lucky Corporation can choose between receiving an additional 100 shares of stock or cash of $100. Lucky's shareholders will be taxed on the distribution if Lucky has sufficient E&P.

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