Dedria Corporation changed its name to Lenise Corporation. This is an example of what type of Tax-Free Reorganization? Z Reorganization. X Reorganization. F Reorganization. Y Reorganization. QUESTION 14 Jean Corporation has one hundred (100) shares of stock outstanding owned by Pauline and Eugenia who are unrelated. Pauline owns sixty (60) shares and Eugen owns forty (40) shares. Jean Corporation redeems twelve (12) of Pauline's shares for $500 per share. Pauline paid $300 per share for her stock three (3) years ago Assuming Jean Corporation has substantial Earnings And Profits (E&P), which of the following is correct regarding the redemption? Pauline has Dividend Income of $6,000. Pauline has a Long-Term Capital Gain $6,000. Pauline has a Long-Term Capital Gain of $2,400. Pauline has a Long-Term Capital Gain of $3,600.