In a Situation Where a Parent Decides to Combine with a Subsidiary

In a situation where a parent decides to combine with a subsidiary, which of the following statements is correct?

A) If the parent owns 90% or more of any class of capital stock of the subsidiary, it is possible to combine the companies using either ITA 87 or ITA 88(1) .
B) If the parent owns 90% or more of any class of capital stock of the subsidiary, it will be able to take advantage of a bump up in asset values, regardless of the approach taken to complete the transaction.
C) If the parent owns 90% or more of the shares of each class of capital stock of the subsidiary, it will be able to take advantage of a bump up in asset values, regardless of the approach taken to complete the transaction.
D) If the parent owns 90% or more of the shares of each class of capital stock of the subsidiary, it is possible to combine the companies using either ITA 87 or ITA 88(1) .