Which one of the following exchanges will not qualify as a tax-free reorganization in an "E" recapitalization?

Question

Quizplus · Accepted Answer

In an "E" recapitalization, a tax-free reorganization can occur if there is a "recapitalization" of the company's capital structure. This means that there must be an exchange of one form of security for another, such as stock for stock, bonds for stock, or bonds for bonds. However, an exchange of stock for bonds does not qualify as a tax-free reorganization under an "E" recapitalization.

Which One of the Following Exchanges Will Not Qualify as a Tax-Free