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 liquidting distribution is recalved. OB. A parent corporation never recognizes gain or loss when it receives a liquidating distribution. A minority shareholder will recognize gain on a liquidating distribution when cash is received, however no gain or loss is recognized on the distribution of property C. Generally, a parent corporation recognizes neither gain or loss when receiving a liquidating distribution and a minonty shareholder recognizes gain or loss when receiving the distribution OD. A parent corporation recognizes gain or loss when it receives a liquidating distribution of cash, however no gain or loss is recognized on the