true or false

Tax Drill - Constructive Dividend Indicate whether the following statements are "True" or "False" regarding constructive dividends. A constructive dividend can occur when a shareholder uses corporation property for personal purposes at no cost 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 If a corporation pays an obligation of a shareholder, the payment is treated as a constructive dividend. a. b. c