Which of the Following Requirements Do Not Have to Be

question 94

Multiple Choice

Which of the following requirements do not have to be met in a section 351 transaction?

• A)Each transferor of property must receive stock equal to at least 80 percent of the fair market value of the property transferred.
• B)In the aggregate, the transferors of property to the corporation must collectively control 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:

Photosynthetic

The process by which green plants, algae, and some bacteria convert light energy into chemical energy in the form of glucose, using carbon dioxide and releasing oxygen.

Guard Cells

Specialized cells in the epidermis of leaves and stems that regulate the opening and closing of stomata, controlling gas exchange and water loss.

Epidermal Cells

Cells making up the epidermis, the outermost layer of the skin, serving as the body’s protective barrier against environmental stressors, pathogens, and water loss.

Transpiration

The loss of water vapor from the aerial surfaces of a plant (i.e., leaves and stems).