Question: Services are not considered property under section 351; thus, a taxpayer must report as income the fair market value of stock received as consideration for

Services are not considered property under section 351; thus, a taxpayer must report as income the fair market value of stock received as consideration for services rendered.TrueFalseQuestion 41 ptsBear Corporation received a dividend of $30,000 from Moose Corporation. Bear owns 100% of the Moose Corporation stock. Bear's dividends received deduction is $30,000.

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