[Solved] Identify which of the following statements is true. A)The exchange of stock for services rendered is not a taxable transaction. B)The repeal of Sec. 351 would result in more existing businesses being incorporated. C)Section 351 was enacted to allow taxpayers to incorporate without incurring adverse tax consequences. D)All of the above are false. Exposure to Pornography: The act of encountering sexually explicit material, which can have various psychological effects depending on context and individual. Ingroup: A social group to which a person psychologically identifies as being a member. Outgroup: A social group to which an individual does not identify or belong, often viewed with prejudice or discrimination by members of the ingroup. Above Average: Describes a level of performance, capability, or measurement that exceeds the normal or expected standard.