The Following Are Characteristics of Various Tax Planning Tools, (Each

The following are characteristics of various tax planning tools, (each dependent on specific conditions being met).
1.A corporation purchases the shares of another corporation in exchange for shares issued by the purchaser, and the vendors may report the sale at their tax costs.This is a useful method for public corporations with many shareholders.
2.Shares of two or more corporations are exchanged for shares of a new entity, and all of the assets of the corporations are transferred to the new entity.
3.In a tax-deferred sale of a business, a shareholder's common shares are converted to fixed-value preferred shares, and new common shares are then issued to the purchaser, often at a nominal value.
4.Assets are sold from a vendor corporation to a buyer corporation at an elected value ranging from the tax cost (i.e.UCC or ACB) to FMV, in exchange for shares and a non-share payment not exceeding the elected value.
Required:
Match each of the four scenarios with the appropriate tax-planning tool from the list below.Use each answer only once.
$\begin{array}{|l|l|}\hline &{\text { Tax-planning tools: }} \\\hline & \text { Section 85 rollover } \\\hline & \text { Section 85.1 share-for-share exchange } \\\hline & \text { Section 86 share reorganization } \\\hline & \text { Section 87 amalgamation } \\\hline\end{array}$