State whether True or False and please be sure your answer is right, thank you.

19. 20. If a taxpayer receives corporate stock as compensation for services rendered to the corporation, the par value of the stock at the time of transfer is included in the recipient's gross income. A stock distribution in lieu of money is nontaxable only if the recipient opts to receive stock. The value of Corp. A preferred stock distributed to a holder of Corp. A common stock is a taxable event to the recipient shareholder. 21