a. meeting the literal requirements of the law is not necessarily sufficient to achieve your objective. b. the General Utilities doctrine was a blessing for taxpayers. c. avoiding dividend equivalency requires a meaningful reduction in the shareholder's interest. d. reducing the size of your business by fire is a genuine corporate contraction. e. none of the above. 16. Sand P each owns 50 shares of the outstanding stock of G Corporation which specializes in framing pictures. G owns all 100 shares of the outstanding stock of W Corporation. S and P caused G to form W many years ago to manufacture frames. This year Sand P has have decided to divide the corporate assets and pan ways. To this end, G distributed all of the stock in W Corporation to S for all of her stock in G. This type of corporate division is referred to as a. a liquidation. b. a spin-off. c. a split-off. d. none of the above