When a corporation sells its business by disposing of its business assets, the amount of tax to

Question:

When a sells its business by disposing of its business assets, the amount of tax to the resulting from the sale can be determined with relative certainty. Does the same degree of certainty exist with respect to determining the second level of tax when the proceeds of the asset sale are distributed to the shareholder? Explain.
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...