The sale of business assets by a vendor corporation normally results in two levels of tax, rather

Question:

The sale of business assets by a vendor normally results in two levels of tax, rather than a single level of tax, as is the case when the shares of the business are sold.” Explain this statement.
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...