Which of the Following Statements Best Describes the Concept of Control

Which of the following statements best describes the concept of control as it applies to a section 351 transaction?

A) Control is defined as the ownership of 80 percent or more of the fair market value of a corporation's stock.
B) Control is defined as the ownership of 80 percent or more of a corporation's voting stock and 80 percent or more of the fair market value of a corporation's stock.
C) Control is defined as the ownership of 80 percent or more of a corporation's voting stock and 80 percent or more of the total number of shares of each class of nonvoting stock.
D) Control is defined as the ownership of 80 percent or more of a corporation's voting stock.