35.This information relates to the 4 questions that follow. A description of types of mergers (see Exhibit 19-12):

W. This type of merger a corporation transfers all or part of its assets to another corporation.

X. This type of merger is where stock of one corporation is traded for assets & liabilities of another, where state law governs the transaction.

Y. This type of merger is a "stock for stock" merger

Z. This type of merger is where stock of one corporation is traded for assets & liabilities of another, where the IRS governs the transaction.

35. Which of the above describes a Type C Merger?

A) Choice W

B) Choice X

C) Choice Y

D) Choice Z