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Damien transfers land worth $200,000 to D&D Corp. in exchange for D&D Corp. stock worth $200,000. The exchange meets the requirements of section 351, and

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Damien transfers land worth $200,000 to D&D Corp. in exchange for D&D Corp. stock worth $200,000. The exchange meets the requirements of section 351, and no election is made by either party. If Damien's tax basis in the land was $250,000, which of the following are accurate? Select all that apply. Check All That Apply Damien's stock basis is $250,000 Damien's stock basis is $200,000 D&D Corp's tax basis in the land is $250,000 D&D Corp's tax basis in the land is $200,000 There is not enough information given to determine Damien's tax basis There is not enough information given to determine D&D Corp's tax basis in the land

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