Which of the Statements Is Inaccurate Regarding Requirements for Nonrecognition

Which of the statements is inaccurate regarding requirements for nonrecognition of gain or loss upon the transfer of assets to a corporation in exchange for stock?

A) The transferor- shareholders must be in control (80%) of the corporation immediately after the exchange.
B) Depreciation recapture applies to a transfer which falls under Sec. 351.
C) Property must be transferred to the corporation solely in exchange for stock of the corporation.
D) If property or money is received by the transferor, gain (but not loss) is recognized to the extent of the lesser of the boot received or the realized gain.