In a merger under state law, Anchor Corporation acquires all the assets of Tower Corporation. Towers assets

Question:

In a merger under state law, Anchor acquires all the assets of Tower Tower’s assets have a $5 million FMV and a $2.2 million adjusted basis. Assuming Tower liquidates, which of the following transactions qualify as a Type A reorganization?
a. The assets are exchanged for $5 million of Anchor common stock.
b. The assets are exchanged for $5 million of Anchor nonvoting preferred stock.
c. The assets are exchanged for $5 million of Anchor securities.
d. The assets are exchanged for $3.5 million of Anchor nonvoting preferred stock and $1.5 million in cash.
e. The assets are exchanged for $3 million of Anchor and Anchor’s assumption of $2 million of Tower liabilities.
f. The assets are exchanged for $5 million in cash provided by Anchor. An “all cash” merger transaction is permitted under state law.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...