Reference no: EM132696934

Problem 1: Which of the following is true of tax-free reorganizations?

Select one:

a. In order to achieve reorganization treatment, the transactions must be pursuant to a written plan of reorganization.

b. Receipt of boot results in the recognition of gain to the extent of the lesser of the realized gain or the amount of money plus the fair market value of any other property received.

c. Continuity of proprietary interest must exist to apply for reorganization treatment.

d. Tax is merely deferred to a later date and is not necessarily completely "tax-free."

e. All of the above.