Which of the following statements about corporate reorganization is false?

a. Taxable amounts for shareholders are classified as a dividend or capital gain.

b. Reorganizations receive treatment similar to corporate formations under 351.

c. The transfers of stock to and from shareholders qualify for like-kind exchange treatment.

d. The value of the stock received by the shareholder less the gain not recognized (postponed) will equal the shareholder's basis in the stock received.

e. None of the above