(Solved): Barry, Dan, and Edith logether form a new corporation, Bany and Dan sach contibule property in excha ...

Barry, Dan, and Edith logether form a new corporation, Bany and Dan sach contibule property in excharge for slock. Within two weeks after the formation, the copporation issues addional stock to Edith in exchange for property. Barry and Dan each hold 10,000 shares and Edth will receive 9,000 shares. Which transactions will qually for norrecogyition? A. Only the second transaction will qually for noneoogrition. B. Only pe frol transaction will quality for norrecogrition. C. Because of the slep tranaction doctive, neither tranacion all qually. D. Both transactions will qually under Sec. 351 f they are part of the sare plan of incoporation.