Question 5 10.5 points Save Answer istrative The term 'sec. 351 transfer" understates the broad array of statutory and administrative authority that drives the results of a corporate formtion. For each of the following, identify the statutory or authority that controls the matter described A. Sec. 301 B. Sec. 362 C. Sec. 1223 D. Sec. 318 E. Sec. 358 F Sec. 357 G. Sec. 355 No gain or loss is recognized on a transfer of property to a controlled corporation soley in exchange for stock of said corporation. Deteination of the basis assigned to stock received from the controlled corporation. Determination of the basis that the transferee corporation assigns to property acquired from a Allowance for debt assumed by transferee corporation to not be considered "non-qualified consideration" (i.e., not treated as boot). Determination of holding period of property acquired by either the controlling shareholder or the controlled corporation When multiple assets are transferred in a sec. 351 transfer, each property transferred is allocated H.None of the answers is correct its proportionate share of each item of consideration received (.e., CS, PS, debt relief, boot) I. Reg. 51.351-1(a)(1)(ii) For the purpose of determining whether the control requirement is satisfied, a participant in a sec. 351 transfer who both transfers property and renders services to the transferee corporation will be J. Sec. 351 considered a transferor of property so long as the value of the property transferred is not relative small when compared to the value of the services rendered. K. Rev. Rul. 68-55 L Sec. 302