Explain the differences in the tax rules applying to distributions made to the parent corporation and a minority shareholder when a controlled subsidiary corporation liquidates. O A. Generally, a parent corporation and a minority shareholder recognize neither gain or loss when a liqueting distribution is received OB. A parent corporation never recognizes gain or loss when it receives a liquidating distribution. A minority shareholder will recognize gain on o liquidating distribution when cash is received, however no gain or loss is recognized on the distribution of property. C. Generally, a parent corporation recognizes neithet gain or loss when receiving a liquidating distribution and a minority shareholder recognizes gawin or loss when receiving the distribution OD. A parent corporation recognizes gain or loss when it rectives a liquidating distribution of cash, however no gain or loss is recognized on the Click to select your answer 2