Little Co. is a Canadian controlled private corporation and Large Co. is a public Canadian corporatio of $25,000. Which of these statements is TRUE, provided the proper legal steps are followed? Multiple Choice if Little Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, only if Little Co. makes a payment of $25,000 to its shareholders by reducing its paid-up capital, there shareholders If Large Co, makes a payment of $25,000 to its shareholders by reducing its pald-up capital, only 5 If Large Co. makes a payment of $25,000 to its shareholders by reducing its pald-up capital, there shareholders. is a public Canadian corporation. Both corporations have a paid-up capital balance er legal steps are followed? ers by reducing its paid-up capital, only 50% of the payment will be taxable. Sers by reducing its paid-up capital, there will be no tax consequence for the olders by reducing its paid-up capital, only 50% of the payment will be taxable. nolders by reducing its paid-up capital, there will be no tax consequence for the