Question: Indicate whether the following statements are True or False regarding 3 5 1 . a . Section 3 5 1 deals with transfers to controlled

Indicate whether the following statements are "True" or "False" regarding 351.
a.Section 351 deals with transfers to controlled corporations.
TrueFalse
b.Section 351 provides that gain or loss is not recognized upon the transfer of property to a corporation when certain conditions are met.
TrueFalse
c.Section 351 is elective if a transaction satisfies the provision's requirements.
TrueFalse
d.Nonrecognition of gain occurs only when the shareholder receives stock.
TrueFalse

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