income tax 2

70096 llima Kahale is the sole shareholder of Kahale Foods Co. llima owns one class of common shares which have a value of $200,000. Ilima is approaching retirement age and would like two key employees to take over Kahale Foods. At this point in time, the employees do not have enough excess cash to buy llima's shares. Which of the following statements is true with regard to a corporate reorganization that would allow the employees to take over the ownership of the company? se Select one or more: a. A reorganization of share capital would allow llima to convert common shares to fixed value preferred shares, while also issuing nominal value common shares to the employees, resulting in no immediate tax consequences. b. A reorganization of share capital would allow llima to convert common shares to fixed value preferred shares, while also issuing nominal value common shares to the employees, resulting in an immediate tax consequence for the corporation. O c. A reorganization of share capital would allow llima to convert common shares to fixed value preferred shares, while also issuing nominal value common shares to the employees, resulting in an immediate tax consequence for the employees. O d. A reorganization of share capital would allow llima to convert common shares to fixed value preferred shares, while also issuing nominal value common shares to the employees, resulting in an immediate tax consequence for llima