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What is it called when two corporations come together and one of the corporations survives while the other corporation ceases to exist? (one word) Alpha Corporation has two divisions that have been in existence for seven years. The nail division has assets valued at $455,000 and liabilities of $75,000, whereas the hammer division has assets valued at $670,000 and liabilities of $50,000. Alpha would like the two divisions to be separate corporations. It creates Beta Corporation and transfers all of the hammer division assets and liabilities in exchange for 100% of Beta's stock. Alpha then distributes the Beta stock to its shareholders. a. $368(a)(1)(A) b. 368(a)(1)(B) c. $368(a)(1)(C) d. $368(a)(1)(D) e. $368(a)(1)(E) f. $368(a)(1)(F) g. $368(a)(1)(G) h. None - this is a taxable transaction What is it called when two corporations come together and one of the corporations survives while the other corporation ceases to exist? (one word) Alpha Corporation has two divisions that have been in existence for seven years. The nail division has assets valued at $455,000 and liabilities of $75,000, whereas the hammer division has assets valued at $670,000 and liabilities of $50,000. Alpha would like the two divisions to be separate corporations. It creates Beta Corporation and transfers all of the hammer division assets and liabilities in exchange for 100% of Beta's stock. Alpha then distributes the Beta stock to its shareholders. a. $368(a)(1)(A) b. 368(a)(1)(B) c. $368(a)(1)(C) d. $368(a)(1)(D) e. $368(a)(1)(E) f. $368(a)(1)(F) g. $368(a)(1)(G) h. None - this is a taxable transaction