Which of the following statements does not describe a tax consequence to the liquidated corporation in a complete liquidation? Multiple Choice O The liquidated corporation always recognizes gain on appreciated property distributed to individual shareholders O The liquidated corporation does not recognize loss on depreciated property distributed to a corporation that owns 80 percent or more of the liquidated corporations stock The liquidated corporation does not recognize gain on appreciated property distributed to a corporation that owns 80 percent or more of the liquidated corporation's stock o The liquidated corporation always recognizes gain on appreciated property distributed to corporate shareholders