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.

---

Definitions:

Advanced-Physical

Pertains to the sophisticated physical sciences and technologies pushing the boundaries of understanding in fields such as physics and engineering.

Chemical Processes

Involves changes in chemical substances through reactions, leading to the formation of new substances.

Secondary Sewage Treatment

A stage in wastewater treatment involving biological processes to degrade organic matter, following primary treatment which mainly removes solid materials.

Biological Process

Natural processes involving living organisms, such as growth, reproduction, and metabolism.