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Which section of the Internal Revenue Code applies to a person's exchange of property for stock of the transferee corporation where the person recognizes no

Which section of the Internal Revenue Code applies to a person's exchange of property for stock of the transferee corporation where the person recognizes no gain or loss if only transferee stock is received in the exchange? Question 7Answer a. Section 351 b. Section 1223 c. Section 1001 d. Section 362

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