Which of the following is not taken into account when determining if a gain or...
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Accounting
Which of the following is not taken into account when determining if a gain or loss should be recognized on the transfer of property to a corporation in exchange for a controlling interest in stock of the corporation?
A Receipt of money in addition to stock.
B Ownership of at least of the total number of shares of all other classes of stock.
C Fair market value of property transferred.
D Ownership of at least of the total combined voting power of all stock entitled to vote.
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