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  3. 15. the transferee corporation's basis in property

15. The transferee corporation's basis in property received in a Sec. 351 exchange is A)...

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Accounting

15. The transferee corporation's basis in property received in a Sec. 351 exchange is

A) the FMV of the property received.

B) the transferee corporation's basis in the stock exchanged.

C) the transferor's basis for the property plus gain recognized by the transferee corporation

D) the transferor's basis for the property plus gain recognized by the transferor.

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