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CHAPTER 22 S CORPORATIONS TRUE/FALSE 1. S corporations are treated as partnerships under state laws. REF: p. 22-2 ANS: F 2. Liabilities affect the owner’s basis differently…

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EXERCISES 1-1 1 . 2 . 3 . 4 . 5 . 6 . 7 . 8 . 9 . 10 . C M H E B J J I F, K D 11 K . 12 J . 13 A . EXERCISES 12 1 F . 2 F . 3 F . 4 F . 5 F . 6 F . 7 F . 8 F . 9 T . 10 T…

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