From the standpoint of the target corporation shareholders, what is the advantage of a taxable stock acquisition by a purchaser corporation compared to the purchaser's acquiring all the target's assets in a taxable transaction followed by a liquidating distribution

from the target to its shareholders?

A. If target corporation is involved in a taxable stock acquisition by purchaser corporation, each shareholder will be taxed on a capital gain (loss) equal to the difference between the amount received for the stock and his or her stock basis.

B. If target corporation is involved in a taxable stock acquisition by purchaser corporation, the end result is target corporation and each shareholder is taxed on their distributions, as ordinary and capital gain (loss) treatment which results in a dividend-received-deduction.

C. If target corporation is involved in a taxable stock acquisition by purchaser corporation, target corporation will be taxed on a dividend income gain (loss) equal to the difference between the amount received for the stock and its total equity basis.

D. Both A and C.