Question: 155. In a type B reorganization, as defined by the Internal Revenue Code, the I. Stock of the target corporation is acquired solely for the

155. In a type B reorganization, as defined by the Internal Revenue Code, the I. Stock of the target corporation is acquired solely for the voting stock of either the acquiring corporation or its parent.

II. Acquiring corporation must have control of the target corporation immediately after the acquisition.

a. I only.

b. II only.

c. Both I and II.

d. Neither I nor II.

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