In Comparing a Qualifying Stock Redemption with a Complete Liquidation

In comparing a qualifying stock redemption with a complete liquidation, which of the following statements is incorrect?

A) Liquidations and qualifying stock redemptions parallel each other in terms of the effect that E & P has on the nature of the gain or loss recognized by the shareholder.
B) The basis of property acquired is its fair market value on the date of distribution for both a qualifying stock redemption and a liquidation.
C) Both a qualifying stock redemption and a complete liquidation produce sale or exchange treatment to the shareholder.
D) A corporation will recognize gain upon the distribution of appreciated property for both a qualifying stock redemption and a complete liquidation, but a corporation will recognize loss upon a distribution of depreciated property only for a liquidating distribution.
E) Section 267 disallows recognition of losses between related parties in a complete liquidation but not in a qualifying stock redemption.