Which of the Following Statements About §351 Transactions Is False

question 23

Multiple Choice

Which of the following statements about §351 transactions is false?

• A)A transferor of property must receive stock equal to at least 80 percent of the fair value of the property transferred.
• B)In the aggregate, the transferors of property to the corporation must collectively own 80 percent of the voting stock of the corporation immediately after the transfers.
• C)Only property transferred to a corporation is eligible for deferral.
• D)All transfers of property to a corporation must be made simultaneously to qualify for deferral.

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Definitions:

Social Influences

The effects that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behavior.

Extraversion

A personality trait characterized by enthusiasm, assertiveness, and sociability; extraverts tend to seek out social interaction and stimulation.

Emotional Stability

A personality trait that signifies a person's ability to remain calm and composed under stress or pressure.

Unsafe Behaviours

Actions or practices by individuals that can potentially lead to accidents, injuries, or harm to health within a workplace or environment.