76)In which of the following reorganizations does the distributing corporation transfer all of its assets to two controlled corporations before the distributing corporation dissolves? A) split-up C) split -off Answer:A Page Ref.:C:7 -35 Objective: 5 B) spin-off D) Type C reorganization 77)Midnight Corporation transferred part of its assets to Noon Corporation in exchange for all of Noon's stock. Midnight distributed all of Noon's stock pro rate to Midnight's shareholders. What is this type of reorganization?