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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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