Indicate whether the following statements are True" or False" regarding income tax treatment of corporations a$.$ Both individuals and corporations can utilize the like$-$kind exchange provisions of $1031$ and the deferral allowed by $1033$ for involuntary conversions. b $.$ Many of the tax credits available to individuals, such as the foreign tax credit, can be daimed by corporations Both noncorporate and corporate taxpayers are subject to progressive income tax rates d $.$ Like individuals $,$ corporations must be concerned with classifying deductions deduction for and deduction from categories