Exchange qualifies as what type of transaction


X owns 80% of Y Corporation and Z owns the other 20%. In exchange for the entire Y stock, X receives 3,400 shares of G Corporation common stock (value $70,000), and Z receives 50 shares of G preferred (value $20,000). X also receives $10,000 in bonds. The exchange qualifies as what type of transaction? What type of reorganization would you consider it? Please explain in details.

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Accounting Basics: Exchange qualifies as what type of transaction
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