Which of the following statements best describes the concept of control as it applies to a $351$ transaction? Choice Control is defined as the ownership of $80$ percent or more of a corporation's voting stock and $80$ percent or more of the fair market value of a corporation's stock defined as the ownership of $80$ percent or more of a corporation's voting stock defined as the ownership of $80$ percent or more of the fair market value of corporation's stock Control is defined as the ownership of $80$ percent or more of a corporation's voting stock and $80$ percent or more of the total number of shares of each class of nonvoting s