47)

How many of the following statements are true?

(i) The continuity of business enterprise doctrine is not applicable to an E reorganization.

(ii) If X, a holding company, acquires in a merger the historic business assets of Y and immediately transfers the assets to its three wholly-owned subsidiaries (one-third to each) and the subsidiaries do not continue a historic business of Y, but use Y's assets in a similar business, the A reorganization fails due to lack of continuity of business enterprise.

(iii) In determining whether an instrument is a "security" a continuity of creditor interest approach is generally employed whereby time to maturity is one of several factors viewed.

(iv) Stock warrants are considered stock for reorganization purposes.

	a.	4
	b.	3
	c.	2
	d.	1
	e.	None of these.