Under what circumstances will a realized gain and$/$or loss be recognized on a $351$ transfer? Indicate whether the following statements are "True" or "False". a$.$ The nature of the property determines the type of gain. b$.$ Shareholders recognize realized loss in a $351$ transfer if they receive cash as boot in the exchange. c$.$ A recognized gain equals the lesser of the gain realized or the boot received. d$.$ Normally, any realized gain or loss is postponed until a substantive change in the taxpayer's investment occurs $($e$.$g$.,$ a sale to outsiders$).$ e$.$ A realized gain is never recognized in a $351$ transaction.