When a corporation is wound up under the provisions of ITA 88(2), assets will be sold and liabilities will be settled. When the resulting proceeds are distributed to shareholders, the distribution will usually be made up of several different components. Briefly indicate the components that can be included in this type of distribution.

Question

Quizplus · Accepted Answer

The Answer of When a corporation is wound up under the provisions of ITA 88(2), assets will be sold and liabilities will be settled. When the resulting proceeds are distributed to shareholders, the distribution will usually be made up of several different components. Briefly indicate the components that can be included in this type of distribution.

When a Corporation Is Wound Up Under the Provisions of ITA