Western,Inc

Western,Inc.is a corporation located in California.In June of the current year,Western moves to Georgia and changes its name to Southern Corporation.Its sole shareholder,Dharma,exchanges all of her stock in Western and receives all of the stock in Southern.

A) This transaction qualifies as a "Type F" reorganization.
B) This transaction qualifies as a "Type E" reorganization.
C) This move has no tax significance for Federal purposes.
D) This is treated as a liquidation of Western and incorporation of Southern.Thus,gain can be recognized on the liquidation of Western.
E) None of the above.