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Which of the following statements is true? Question options: a. If a corporation distributes property that has declined in value to a shareholder as a

Which of the following statements is true?

Question options:

a. If a corporation distributes property that has declined in value to a shareholder as a dividend, the corporation recognizes a loss on the distribution.

b. A corporation does not recognize gains or losses on property distributions to shareholders.

c. If a corporation distributes appreciated property to a shareholder as a dividend, the corporation must recognize the gain on the property.

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