Which of the Following Is Not a Required Characteristic of a Qualifying

question 24

Multiple Choice

Which of the following is not a required characteristic of a qualifying Section 351 transaction?

• A)If more than 20 percent of the stock is transferred for services, property must also be transferred by the service provider.
• B)Gain may be recognized if the transferor receives something other than stock.
• C)The transferors must control the corporation after the transfer.
• D)Control requires shareholders owning only 80 percent of the voting stock if nonvoting stock is outstanding.

---

Definitions:

AIDS Prevention

Strategies and methods employed to prevent the spread of HIV/AIDS, including education, condom distribution, and access to antiretroviral therapy.

Intervention Strategy

A planned action or set of actions designed to influence the outcomes in a specific situation, often used in the context of health, education, or social policy.

Situational Control

The degree to which individuals can control or influence their environment and situations to align with their goals.

Applied Social Psychology

The use of social psychology principles to solve real-world problems and improve people's lives by influencing their behavior in a positive way.