Rover Corporation is a regular corporation that has not electedS corporation sta

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Rover Corporation is a regular corporation that has not electedS corporation status. In 1992 Rover earned $100000; in 1993Rover distributes $50000 to its shareholders. Which of thefollowing best describes the tax consequences to rover and itsshareholders? A. The shareholders are taxed on$100000 in 1992; Rover is not subject to tax. B. Rover is taxed on $100000 in1992; the shareholders are taxed on $50000 in 1993. C. Rover is taxed on $100000 in1992; the shareholders are taxed on $50000 in 1992. D. Rover is taxed on $100000 in1992; the shareholders are not subject to tax

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