Step 1: Understanding the Concept
Release of hydrogen with sodium shows an -OH group (alcohol or acid).
PCC changes a primary alcohol into an aldehyde without further oxidation.
Step 2: Use the Formula
The aldehyde with formula \(\text{C}_{2}\text{H}_{4}\text{O}\) is acetaldehyde, \(\text{CH}_{3}\text{CHO}\).
Step 3: Find the Parent
\(\text{CH}_{3}\text{CH}_{2}\text{OH}\xrightarrow{\text{PCC}}\text{CH}_{3}\text{CHO}\).
So the compound is ethyl alcohol.
Final Answer:
The compound is ethyl alcohol, option (B).
\[ \boxed{\text{(B) }\text{Ethyl alcohol}} \]