In an acquisitive Type D reorganization, substantially all of the target corporations assets must be transferred to the acquiring corporation for stock amounting to at least 50% of the total acquiring stock.

True

False

In a divisive Type D reorganization, the distributing corporation obtains control of the new target by exchanging some of its assets for at least 80% of the new targets outstanding stock.

True

False

The distinguishing characteristic of a Type D reorganization is the acquiring corporation is the one transferring assets to the target corporation in exchange for a controlling interest in the target.

True

False