Pursuant to a complete liquidation,a corporation sells its assets to third parties and distributes the cash proceeds to its individual shareholders.As a result of the sales,the corporation must recognize both realized gains and losses.

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The Answer of Pursuant to a complete liquidation,a corporation sells its assets to third parties and distributes the cash proceeds to its individual shareholders.As a result of the sales,the corporation must recognize both realized gains and losses.

Pursuant to a Complete Liquidation,a Corporation Sells Its Assets to Third