b. P Corporation exchanges its common stock and cash for all of the outstanding common stock of S Corporation. S Corporation is liquidated with P Corporation receiving all of S's assets and liabilities. The transaction satisfies all of the requirements established by State of Florida for merger transactions (5). d. The holders of P Corporation's outstanding stock exchange their stocks for P Corporation bonds having a similar market value (5). e. P Corporation exchanges the assets of one of its two trades or businesses for all of the single class of S Corporation stock. The S Corporation stock is distributed to P 's shareholders in return for part of their P stock (5). f. The shareholders of P Corporation, a Florida corporation, exchange all of their stockholding for stock in P corporation, a new Delaware Corporation. The new P corporation holds all of the assets of the old P corporation and will continue all of its activities (5). g. P-Sub Corporation is 100% owned by P corporation, a corporation that is listed on the New York Stock exchange. P Corporation makes a capital contribution of ten thousand shares of its stock to P-Sub Corporation. These shares are exchanged by P-sub Corporation along with 10,000 shares of P-sub for 90% of the shares of S Corporation. The remaining S corporation stock is redeemed for cash by S Corporation (5). h. P Corporation exchanges its common stock and cash for substantially all of the assets and liabilities of S Corporation. S Corporation distributes the P Corporation stock, the cash and its remaining assets, to its shareholders pursuant to its liquidation