Raven Corporation owns three machines that it uses in its business. It no longer needs two of

Question:

Raven owns three machines that it uses in its business. It no longer needs two of these machines and is considering distributing them to its two shareholders as a property dividend. The machines have a fair market value of $20,000 each. The basis of each machine is as follows: A, $27,000; B, $20,000; and C, $12,000. Raven has asked you for advice. What do you recommend?
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...