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Identify which of the following statements is true. A. Section 351 only applies to individual transferors. B. Section 351 applies to property transfers in exchange

Identify which of the following statements is true. A. Section 351 only applies to individual transferors. B. Section 351 applies to property transfers in exchange for stock. C. Section 351 applies exclusively to the formation of a new corporation. D. All of the above are false.

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