For consideration comprised of $100,000 cash, $8 million of Smith's voting common stock and assumption of $2 million of Jones' liabilities, Smith acquired all of Jones assets. Does this transaction qualify as Type C reorganization? 

Briefly state your reasoning. What are the tax consequences for the 4 issues listed. Issue No. 1: Does it qualify for Reorganization Type C. Issue 2: Parent Corporation for Gain/Loss, Holding Period in Target's Assets, AB in Target's Assets Issue 3: Target Corporation Gain/Loss, Gain is recognized up to Boot, Gain is characterized by way of section 302, AB in Corporation in Corporation's Stock, Holding Period is tacked under 1223(1) Issue No. 4: Gain/Loss, Gain is recognized up to Boot(could be a note), AB in new Parent Stock, Holding Period is tacked under 1223(1). Answer all 4 issues...2-4 show calculations?