39.(3 pts) Which of the following is NOT taken into account when determining if gain or loss should be recognized by the shareholder on the transfer of property to a corporation in exchange for a controlling interest in stock of the corporation. a) Ownership of a least 80% of all stock b) Receiving money in addition to stock c) Fair market value of property transferred to corporation by shareholder d) Mortgage on shareholder's property assumed by corporation. e) None of the above. 40. (3 pts) Mr. A transferred equipment with an adjusted basis of $10,000 and a fair market value (FMV) of $27,500 to Corporation Z in an exchange for 90% of Z's stock and $5,000 in cash. At the time of transfer, the stock had a FMV of $22,500. What is the amount of gain recognized by Mr. A? a) So b) $ 2,500 c) $ 5.000 d) $17.500 e) None of the above