Neil Corporation Is a Car Dealership That That Has Been

Neil Corporation is a car dealership that that has been in existence for 10 years.It has also been in the car leasing business for 6 years.Both businesses produce substantial amounts of cash,consequently Neil has been investing this cash into mutual funds for the past 10 years.Neil is interested in separating its businesses.It will create new corporation(s) to receive assets in exchange for stock.It will then distribute that stock to its shareholders.Which of the following is correct regarding this transaction?

A) The Neil shareholders must relinquish some of their stock in exchange for the new corporation stock. If they do not, the transaction receives dividend treatment.
B) This qualifies as a split-off "Type D" reorganization if the mutual fund investments are transferred to the new corporation.
C) This qualifies as a spin-off "Type D" reorganization if the car leasing business is transferred to the new corporation.
D) This qualifies as a split-up "Type D" reorganization if the car leasing business is transferred to the new corporation and another corporation is created to receive the mutual fund investments.
E) All of the above statements are correct.