Question: 2 1 . In a transaction qualifying as a type C reorganization, the acquiring corporation recelves the transferor's property: A At the transferee's carryover basis.

21. In a transaction qualifying as a type C reorganization, the acquiring corporation recelves the transferor's property:
A At the transferee's carryover basis.
B At the transferor's carryover basis.
C At the transferee's cost basis plus any gain recognized by the transferee.
D At the transferor's cost basis plus the transferor's recognized gain.
2 1 . In a transaction qualifying as a type C

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