Evaluate the following statement Individual shareholders who recognize gain as the result of receiving boot in a corporate reorganization generally prefer to report capital gain, whereas corporate shareholders generally prefer to report dividend income A This statement is never true Neither individual nor corporate shareholders prefer to report the income from boot received B This statement is false Individual shareholders and corporate shareholders both prefer to recognize gains as dividend income C This statement is essentially true For most taxpayers, both dividend income and capital gains are taxed at the capital gains rate D This statement is essentially false For most taxpayers, dividend income is taxed as ordinary income, while capital gains are taxed at the capital gains rate

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Question: Evaluate the following statement: Individual shareholders who recognize gain as the result of receiving boot in a corporate reorganization generally prefer to report capital gain,

Evaluate the following statement: Individual shareholders who recognize gain as the result of receiving boot in a corporate reorganization generally prefer to report capital gain, whereas corporate shareholders generally prefer to report dividend income.

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This statement is never true. Neither individual nor corporate shareholders prefer to report the income from boot received.

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This statement is false. Individual shareholders and corporate shareholders both prefer to recognize gains as dividend income.

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This statement is essentially true. For most taxpayers, both dividend income and capital gains are taxed at the capital gains rate.

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This statement is essentially false. For most taxpayers, dividend income is taxed as ordinary income, while capital gains are taxed at the capital gains rate.

Evaluate the following statement: Individual

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