During the current year, Marlene, Nancy and Olive formed a new S Corporation.Solely in exchange for stock, Marlene and Nancy contributed appreciated property, while Olive contributed services.The exchanges of Marlene and Nancy will be nontaxable if:

A) Marlene and Nancy together receive 50% of the stock

B) Olive receives 80% of the stock

C) Olive receives 30% of the stock

D) Olive receives 15% of the stock