Which statement is true with regard to the complete liquidation of a calendar year subsidiary which is 90% owned by its parent?

	a.	A formal plan of liquidation must be adopted if the shareholders adopt a resolution authorizing the distribution on 1/14/x5 and the liquidating distributions occur on 6/10/x6 and 11/10/x7.
	b.	The minority shareholders do not recognize gain or loss.
	c.	The subsidiary doesn't recognize gain or loss on its distributions to the minority shareholders.
	d.	No gain or loss is recognized by the parent corporation and the parent has a fair markey value basis in the assets received.
	e.	More than one statement is true.