The tax consequences of a Type B reorganization include which of thefollowing:

A) The target corporation's shareholders recognize no gain or loss on the exchange unless fractional shares of stock are acquired for cash.

C) The acquiring corporation recognizes no gain or loss when it issues its stock for the target corporation's stock.

B) The shareholders carry over their basis and holding period in the target corporation's stock to the acquiring corporation's stock they receive.

D) All of the above.