True or False, If false explain.
1. Unlike the consideration used in a simple Type A merger, the consideration used in a triangular merger must consist solely of voting stock.
2. Generally, for reverse triangular reorganizations under IRC Section 368(a)(1)(A), the consideration paid to the target firm must be voting stock of the acquiring firm without exception.
3. The parent corporation recognizes no gain or loss for realized gains under IRC Section 368(a)(1)(D) unless it fails to distribute boot it received or stocks and securities constituting control of the controlled corporation involved in the exchange?