T Corp. (T) has 1,250 outstanding shares of voting common stock, which are owned by three shareholders, Abby, Bera and Chris. Abby owns 500 shares of common stock of T (basis $200; value $500), which represents 40% of the common voting stock outstanding of T. Bera also owns 500 shares of common voting stock of T (basis $400; value $500), which represents 40% of the common voting stock outstanding of T. Chris owns the remaining 250 shares of common voting stock (basis $200; value $250), which represents 20% of the common voting outstanding of T. P Corp. (P) is an unrelated party that desires to purchase the stock of T. Please determine if the following transactions qualify as a B Reorganization. (a) P purchases all of the voting common stock from Abby, Bera and Chris in exchange for voting common stock in P.

(b) P purchases all of the voting common stock from Abby and Bera, in exchange for voting common stock in P, and purchases the voting common stock from Chris with cash.

(c) Same as (a) except that in addition to the purchase of stock, P acquires all of Ts debentures outstanding from Ts creditor, David, in exchange for an equal amount of Ps debentures for the same terms. The debentures constitute securities.