Acquiring Corporation transfers $1 million of its voting common stock and $100,000 cash to Target Corporation in exchange for 90% of Target's assets. The assets retained by Target are used to settle its liabilities. Target then distributes the Acquiring stock and cash received to its shareholders in exchange for all their Target shares.

Target then liquidates. This restructuring qualifies as a:

a."Type A" reorganization. b."Type C" reorganization. c.Taxable exchange. d."Type D" reorganization. e."Type B" reorganization.