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Question(s) / Instruction(s):

1. What is the control requirement of § 351? Describe the effect of the following in satisfying this requirement: a. A shareholder renders only services to the corporation for stock. b. A shareholder both renders services and transfers property to the corporation for stock. c. A shareholder has only momentary control after the transfer. d. A long period of time elapses between the transfers of property by different shareholders.

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