Liabilities are problematic only in the ____________________ reorganization when the ____________________ corporation transfers other property (boot) as well as stock to the target.

Federal bankruptcy legislation created the Type ____________________ reorganization. To qualify for this type of reorganization, the corporation must be ____________________ before the reorganization.

In a ____________________ reorganization, shareholders may exchange preferred stock for common or common for preferred stock.

Changing from an S corporation to a C corporation is a Type ____________________ reorganization.

In a ____________________ reorganization, each corporation must obtain the approval of the majority of its shareholders. The acquiring corporation must assume at least ____________________ percent of the targets liabilities.