Which of the Following Stock Distributions Would Be Nontaxable to the Shareholder

Multiple Choice

Which of the following stock distributions would be nontaxable to the shareholder?

A) A stock distribution of one common share for every common share owned by shareholders.
B) A stock distribution where the shareholder could choose between cash and stock.
C) A stock distribution to all holders of preferred stock.
D) "A stock distribution of one common share for every common share owned by shareholders" and "A stock distribution to all holders of preferred stock" are nontaxable to the shareholder.