In the cumene to phenol preparation in presence of air, the intermediate is

Given below are two statements : one is labelled as Assertion A and the other is labelled as Reason R :

Assertion A : Acetal / Ketal is stable in basic medium.

Reason R : The high leaving tendency of alkoxide ion gives the stability to acetal/ketal in basic medium.

In the light of the above statements, choose the correct answer from the options given below :

'A' and 'B' formed in the following set of reactions are :

When ethanol is heated with conc. $$\mathrm{H}_{2} \mathrm{SO}_{4}$$, a gas is produced. The compound formed, when this gas is treated with cold dilute aqueous solution of Baeyer's reagent, is