Xian Corporation and Win Corporation Would Like to Combine into One

Multiple Choice

Xian Corporation and Win Corporation would like to combine into one entity. Xian exchanges 40% of its common and preferred stock plus $200,000 cash for 60% of Win's assets and liabilities. Win distributes the Xian stock, cash, unwanted assets, and liabilities to its shareholders in exchange for their outstanding stock. Win then liquidates.

A) This restructuring will qualify as a "Type A" statutory merger.
B) This restructuring will qualify as a "Type B" reorganization.
C) This restructuring will qualify as a "Type C" reorganization.
D) This restructuring will qualify as an acquisitive "Type D" reorganization.
E) This does not qualify as a reorganization under § 368.