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22. Identify which of the following statements is true. A) In general, a noncorporate shareholder that receives a distribution in complete liquidation of the liquidating corporation recognizes his or her entire realized gain as a capital gain. B) The basis for nonmoney property received by a noncorporate shareholder as part of a liquidating distribution is the same as its basis on the books of the liquidating corporation. C) The liquidating corporation does not recognize gains and losses when making a distribution of nonmoney property. D) All of the above are false