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Question 31 (2 points) Listen A corp receives $200.000 life-insurance proceeds (ACB $50,000), CDA increase = $200,000 $50,000 $150,000 $100,000 Question 32 (2 points) Listen On a share redemption, which portion is a deemed dividend under ITA 84(3)? Amount paid in excess of ACB O Amount paid in excess of PUC PUC reduction below ACB No portion; always capital gain Question 33 (2 points) ) Listen f PUC = $300,000 and ACB - $200,000, a return of capital of $250,000 produces: $50,000 capital gain $250,000 dividend No tax effect Recapture