Which of the following statements about a liquidation of a C corporation and the distributions of cash or property to the shareholders in full redemption of their stock is true?

Question options:

	a. The corporation will recognize realized gains on the distribution of its assets to shareholders.
	b. The corporation may recognize realized losses on the distribution of its assets to shareholders.
	c. The shareholders will recognize gain or loss on the difference between the basis of their stock and the cash or property received from the corporation in cancellation of their stock
	d. All of the above are true