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Answer :
In a type C reorganization the transferor corporation will recognize gain on the transaction if it: C. Receives boot and does not distribute the boot as part of the exchange liquidation.
If the transferor corporation in a type C reorganization acquires boot and does not distribute the boot as part of the exchange liquidation, it will record a gain on the transaction.
This is because receiving boot (cash or other property) and not distributing it can lead to a gain that must be recognized for tax purposes.
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