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1. What is the control requirement of 351? Describe the effect of the following in satisfying requirement: a. A shareholder renders only services to the

1. What is the control requirement of 351? Describe the effect of the following in satisfying requirement:

a. A shareholder renders only services to the corporation for stock.

b. A shareholder renders services and transfers property to the corporation for stock.

c. A shareholder has only momentary control after the transfer.

d. A long period of time elapses between the transfers of property by different shareholders.

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