44)

How many of the following statements regarding a B reorganization are true:

(i) If P co. exchanges P co. voting stock to A for 40% of T co.'s stock on November 15, 20X3 and then on March 2, 20X4 exchanges P co. voting stock to B for 45% of T co.'s stock, both exchanges qualify as a B reorganization.

(ii) If P co. purchases 30% of T co.'s stock from C on May 6, 20X3 and then on June 18, 20X7 exchanges P co. voting stock to D for 60% of T co.'s stock, the exchange with D qualifies as a B reorganization.

(iii) The acquiring corporation may pay the acquired corporations legal expenses directly related to the stock acquisition.

(iv) The acquiring corporation may pay cash for the acquired corporation's debt securities or other property and assume its liabilities.

(v) The acquiring corporation may use its own shares or the shares of its parent corporation, or a combination of the two.

	a.	5
	b.	4
	c.	None of these.
	d.	2
	e.	3