Question: Indicate whether the following statements are True or False regarding constructive dividends.a . A constructive dividend can occur when a shareholder uses corporation property for
Indicate whether the following statements are "True" or "False" regarding constructive dividends.a A constructive dividend can occur when a shareholder uses corporation property for personal purposes at no costb Bargain sales to shareholders produce dividend income equal to the difference between the property's basis and the amount the shareholder paid for the property.c If a corporation pays an obligation of a shareholder, the payment is treated as a constructive dividend.
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