5. In a staff training seminar, you mention the double taxation of corporations and the prior law general utilities doctrine. when queried, you explain that the doctrine refers to the nonrecognition treatment formerly accorded liquidating as well as nonliquidating distributions to shareholders. however, what else should you mention was subject to this doctrine?

• A. liquidating sales.

• B. '368 reorganizations.

• C. mergers.

• D. consolidations.