Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) If a taxpayer transfers property and services as part of a transaction meeting the Sec. 351 requirements, all of the stock received is counted in determining whether the property transferors have acquired control.
B) A transferor's gain or loss that goes unrecognized when Sec. 351 applies is permanently exempt from taxation.
C) If a taxpayer transfers property and services as part of a transaction meeting the Sec. 351 requirements, the nonrecognition of gain or loss will apply to the services.
D) All of the above are false.