Question
Plum Corporation transfers one-half of its assets to Orange Corporation in exchange for 100% of Orange Corporation's single class of stock. Following the exchange,
Plum Corporation transfers one-half of its assets to Orange Corporation in exchange for 100% of Orange Corporation's single class of stock. Following the exchange, Plum Corporation distributes the Orange stock ratably to its shareholders. This transaction will constitute a Divisive Type D reorganization. Acquisitive Type D reorganization. Type C reorganization. Type A reorganization.
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