16. Moya Corporation adopted a plan of liquidation last year. All but a nominal amount of Moya's assets are distributed to its shareholders within the year. Which of the following statements is not true?

A) The liquidation of Moya Corporation means the corporation has undergone dissolution.

B) Moya Corporation retains its state charter.

C) Moya Corporation's existence is preserved.

D) Moya Corporation has been liquidated for tax purposes