When a corporation distributes property as a dividend, what are the tax effects on the corporation and its shareholders under the following assumptions a The property has declined in value b The property has appreciated in value ...

a The shareholder accounts for the property received based on its fair m ...

When a corporation distributes property as a dividend, what are the tax effects on the corporation and

Question:

When a distributes property as a dividend, what are the tax effects on the and its shareholders under the following assumptions?
a. The property has declined in value.
b. The property has appreciated in value.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...