Which one is the result of a stock redemption to the distributing corporation? 

A. If the redemption is treated as a sale, only accumulated earnings and profits is reduced. 

B. If the redemption is treated as a dividend, E&P is reduced in the same manner as for a regular dividend. 

C. The corporation recognizes a gain or loss as if it had sold the distributed property for its FMV immediately before the redemption. 

D. All of the above are correct.