Under what circumstances will a realized gain and/or loss be recognized on a 5 351 transfer? Indicate whether the following statements are "True" or "False" a. The nature of a realized gain that is recognized is characterized by a reference to the type of asset transferred. b. A realized loss is recognized on a $ 351 transfer if the transferor receives cash as boot in the exchange. C. A realized gain is recognized to the extent of 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