Xian Corporation and Win Corporation Would Like to Combine into One

Xian Corporation and Win Corporation would like to combine into one entity.Win redeems 90% of its common stock and all of its nonvoting preferred stock to exchange for 40% of Xian's common and 20% of its nonvoting preferred stock.Win then distributes the Xian stock to its shareholders.Win then becomes a subsidiary of Xian.

A) This is a taxable transaction.
B) This restructuring will qualify as a divisive "Type D" reorganization.
C) This restructuring will qualify as a "Type B" reorganization.
D) This restructuring will qualify as a "Type E" reorganization.
E) This restructuring qualifies as a nontaxable § 368 reorganization.