In a Section 85 Rollover, the transferor and transferee must jointly elect a transfer price for each property. The elected transfer price is used to determine all of the following amounts:

Choose the correct answer.

A.

Proceeds of disposition of the property for the transferor, the adjusted cost base or undepreciated capital cost of the property for the transferee and the cost base of non-share consideration received by the transferor.

B.

Proceeds of disposition of the property for the transferor, the adjusted cost base or undepreciated capital cost of the property for the transferee and the fair market value of share consideration received by the transferor.

C.

Proceeds of disposition of the property for the transferor, the adjusted cost base or undepreciated capital cost of the property for the transferee and the cost of all consideration received by the transferor.

D.

Proceeds of disposition of the property for the transferor, the adjusted cost base or undepreciated capital cost of the property for the transferee and the deemed dividend on redemption of shares.