During the current year, Bruce, a self-employed attorney, performed legal services for Zoom Corporation. Bruce received 10 shares of Zooms stock for his services. Which of the following statements concerning this transaction is true?

A. Bruces basis in the stock is zero, and he does not report any income until he sells the stock.

B. Bruces basis in Zooms stock is the amount he usually charges for his services but he does not report any income until he sells the stock.

C. Bruce should include in income the fair market value of the stock on Schedule C (Form 1040) in the current year, and this becomes his basis for the stock

D.Bruces basis in the stock is the same as Zooms basis, and he should include this amount on Schedule C (Form 1040) in the current year.