Question: (3) The Bruecher case stands for the proposition that for federal income tax pur-poses the receipt of money by a shareholder from a corporation might

(3)TheBruechercase stands for the proposition that for federal income tax pur-poses the receipt of money by a shareholder from a corporation might properly be treated as a dividend even though the board of directors never actually declar-ed a dividend, right...???

Explain in your own words whether you agree, and why (or why not).

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