Determine the type of reorganization for each of the following transactions:

a. A, B and C corporations exchanged their assets in their respective

corporations for voting stock of newly created C corporation. None of the

corporations were liquidated immediately, but A, B and C corporations distributed

the voting stock to their shareholders along with the assets not transferred to C

corporation 18 months after the stock transfers (5).

b. S Corporation transfers its assets of its two operating divisions to X and Y

Corporations in exchange for all of the outstanding stock and $300,000 in cash. S

distributed 95 percent of the shares received and $5,000 of the cash to the

shareholders (5).

c. The shareholders of P, a Delaware Corporation, exchanged all of their stock holdings

for stock in P, a newly registered Michigan Corporation. The new P Corporation

holds all the assets of the old P and continues the line of business conducted by the old P (5).

d. M Corporation transferred voting stock to N Corporation in exchange for all of N's

voting stock. N transferred the voting stock it received from M along with some cash

to the shareholders of V for their voting stock in V Corporation. N Corporation is then

liquidated into V Corporation (5).