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:

Thoughtful Consideration

entails careful and attentive deliberation or reflection before making a decision or forming an opinion.

Gender Role

Societal norms dictating the behaviors, attitudes, and activities deemed appropriate for men and women.

Parental Monitoring

Parents’ ongoing awareness of what their children are doing, where, and with whom.

Authoritarian Parenting

An approach to child rearing that is characterized by high behavioral standards, strict punishment of misconduct, and little communication from child to parent.