Which of the following statements best describes the requirement that must be met in a tax$-$deferred Type B stock$-$for$-$stock reorganization?

Multiple Choice

The $40$ percent continuity of interest test must be met with respect to the stock transferred from the acquisition corporation to the target shareholders.

The target corporation shareholders must receive voting stock in the acquiring corporation in exchange for $60$ percent or more of the target corporation stock.

The acquiring corporation must hold substantially all of the target's properties after the acquisition.

The target corporation shareholders must receive "solely" voting stock in the acquiring corporation in the exchange.