In 1986 the General Utilities Doctrine Was Repealed, Resulting in a Complete

In 1986 the General Utilities doctrine was repealed, resulting in a complete revision of the treatment of the distributing corporation.As a result, corporations must

A) Recognize gain on the distribution of appreciated property distributed as a dividend
B) Recognize loss on the distribution of depreciated property distributed as a dividend
C) Recognize gain or loss on the distribution of property as a dividend
D) Defer gain or loss on the distribution of property as a dividend
E) None of the above