Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) A Type A reorganization has the advantage of avoiding the acquisition of unknown and contingent liabilities.
B) A merger usually involves the approval of all of the shareholders of both corporations.
C) Per IRS Treasury Regulations, to qualify as a Type A reorganization, at least 40% of the total consideration used must be acquiring corporation stock.
D) All of the above are false.