Please answer all three, thank you. please include the Letter answer

Question 15 (True / False) When current E & Pis positive and accumulated E & P has a deficit (negative) balance at the time of a corporate distribution. accumulated E&P is not netted against current E&P A corporate distribution is deemed to be a taxable dividend to the extent of the positive current E&P balance in this situation Truc liyi False Question 14 333 pts Hoa transfers property to Chevy Inc. with a basis of $500,000. The property is worth $900.000 In return, Hoa receives 90% of Chevy Inc's stock. Hoa receives another 10% of Chevy's stock (worth $100.000) for services rendered by Hoa to the corporation as part of the same transaction Which of the following statements, if any, is true? Chevy's basis in the property received from Hoa is 5900.000 Hoa's total basis in the stock after transactions above is $600,000 Hoa can elect not to have Section 351 apply at all in this transaction Hoa has $500,000 of taxable income. None of the other answer choices are correct Question 11 333 pts Norko and Joe form Spuds incorporated Noriko contributes $120,000 cash for 60% of the stock. Joe contributes property with an FMV of $90,000 and an adjusted basis of $30,000 for 40% of the stock Joe also receives $10,000 cash from the corporation The total fair market value of the stock after it is formed is $200,000 What is the corporation's basis in the property it received from Joe? SO $10,000 $30.000 $40.000 $90,000 None of the other answer choices are correct