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True or false: Contributions of cash and property to a corporation in exchange for shares of the corporations stock can be tax deferred.

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Baraq

Answer:

True

Explanation:

According to the United States of America Code, under section 351, which basically deals with the transfer to a corporation controlled by the transferor, it is TRUE that contributions of cash and property to a corporation in exchange for shares of the corporation stock can be tax-deferred.

Hence, it can be concluded that the correct answer to this question is definitely TRUE.

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