Question: Ace Corp. and Bate Corp. combine in a qualifying reorganization and form Carr Corp., the only surviving corporation. This reorganization is tax-free to the Shareholders

Ace Corp. and Bate Corp. combine in a qualifying reorganization and form Carr Corp., the only surviving corporation.

This reorganization is tax-free to the Shareholders Corporations

a. Yes Yes

b. Yes No

c. No Yes

d. No No

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