If more than in a Sec. 351 nonrecognition transaction, the transferor is assumed one asset is to have received a proportionate share of the stock, cash, and other transferred by boot property for each property transferred based upon the assets' the transferor relative FMVs. B)
If more than one asset is transferred by the transferor in a Sec. 351 nonrecognition transaction, the transferor is assumed to have received a proportionate share of the stock, cash, and other boot property for each property transferred based upon the assets' relative FMVs. B)