Which of the following events as part of an acquisitive reorganization require the target corporation to recognize gain? Assume in all cases that the target corporation liquidates in the reorganization.
a. Transfer of appreciated target corporation assets in exchange for acquiring corporation stock and short-term notes.
b. Transfer of appreciated target corporation assets in exchange for acquiring corporation stock and the assumption of the target corporation's liabilities.
c. Assume the same facts as in Part b except the amount of liabilities assumed by the acquiring corporation exceeds the adjusted basis of the target corporation assets transferred.
d. Transfer of appreciated target corporation assets in exchange for stock and cash. The target corporation distributes the cash to its shareholders.
e. Transfer of appreciated target corporation assets in exchange for stock and cash. The target uses the cash to pay off its liabilities.