C owns all of the stock of Z Corporation which is work $1 million. Z wants to acquire land worth $75000 from D. C proposes to transfer $1.00 of cash to Z at the same time D transfers the land to Z. Each C and D will receive stock. a. This is a good 351 transaction. D will not recognize loss and Z corporation will take a higher carry-over basis from D. b. This is not a good section 351 transaction since C is transferring de minumum amount of property per regulation 1.351 (1)(1)(ii) c. Neither of the above