When does the distributing corporation recognize gain or loss on the distribution of stock or securities of a controlled corporation to its shareholders?

a.Corporations will recognize a gain or loss on the distribution of stock or securities of a controlled corporation to its shareholders only when the distribution is of common stock in the company.

b. A corporation recognizes gain or loss on a distribution of stock and securities in a controlled corporation to its shareholders when it distributes appreciated boot property.

c. A corporation recognizes gain or loss on a distribution of boot property depending on whether the property increased or declined in value.

d. A corporation recognizes no gain or loss on the distribution of boot property.