In Comparing a Qualifying Stock Redemption with a Complete Liquidation,which

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) 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 complete liquidation.
C) Both a qualifying stock redemption and a distribution pursuant to a complete liquidation produce sale or exchange treatment to the shareholder.
D) The basis of property acquired is its fair market value on the date of distribution for both a qualifying stock redemption and a liquidation.
E) Section 267 disallows recognition of losses between related parties in a complete liquidation but not in a qualifying stock redemption.