Which one of the following distributions would not be taxable to the shareholders receiving stock?
A) Distribution of one share of preferred stock to the owner of each share of common stock.
B) Distribution of one share of Class A common stock to the owner of each share of Class A common stock and a distribution of $10 to the owner of each share of Class B common stock.
C) Distribution of one share of preferred stock to the owner of each share of Class A common stock and a distribution of one share of Class B common stock to the owner of each share of Class B common stock.
D) Distribution of one share of common stock to the owner of each share of preferred stock.