In order to know whether (m^n) is a perfect square, we need to know the values of m and n.
From Statement (1), we can determine the possible values of m. Since 12,3m0 is a multiple of 4, then the sum of its digits must also be divisible by 4. For example, the number 35,789 is divisible by 4 since 32 ( from 3 + 5 + 7 + 8 + 9 = 32) is divisible by 4, but 35,788 is not divisible by 4 because 31 (from 3 + 5 + 7 + 8 + 8 = 31) is not divisible by 4. The only possible values of m that satisfy this condition are m = 2 or m = 6. Since we don't know the value of n, it is impossible to determine whether m^n is a perfect square, and hence the statement alone is insufficient.
From Statement (2), we can determine the possible values of n. Since 23,4n5 is a multiple of 9, then the sum of its digits must also be divisible by 9. For example, the number 3,969 is divisible by 9 since 27 (from 3 + 9 + 6 + 9 = 27) is divisible by 9, but the number 3,968 is not divisible by 9 because 26 (from 3 + 9 + 6 + 8 = 26) is not divisible by 9. The only possible values of n that satisfy this condition are n = 4. We also know that any number raised to a positive even integer is a perfect square (e.g. 5^2 is a perfect square, as is 6^6). Therefore this statement alone is sufficient.
The answer is (B).