Which of the Following Statements Is Correct with Respect to the Formation

Which of the following statements is correct with respect to the formation of a corporation?

A) The basis of the stock in the hands of the shareholder will be equal to the basis of the property contributed plus any gain recognized minus any boot received.
B) The transferor will record a gain if he or she contributes property subject to a liability.
C) If the 80% test is met,the transferors may recognize a gain or a loss,depending on the facts and circumstances.
D) To the corporation,the basis of property received is equal to the basis of the property in the hands of the transferor.