income tax 2

Little Co. is a Canadian controlled private corporation and Large Co. is a public Canadian corporation. Both corporations have a paid-up capital balance of $25,000. Which of these statements is TRUE, provided the proper legal steps are followed? 2 Select one or more: a. If Large Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, there will be no tax consequence for the shareholders. b. If Large Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, only 50% of the payment will be taxable. O c. If Little Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, there will be no tax consequence for the shareholders. d. If Little Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, only 50% of the payment will be taxable