Question 9 Not yet answered Marked out of 100 We have the following facts: The three below meet on January 2, 2021 and decide the following will happen as one transaction (even though not all on the same day) Emily exchanges land for 100 shares of ABC Inc on January 7, 2021. She has a basis of $10,000 and FMV of $100,000 David transfers cash for 10 shares on January 13, 2021. His basis and FMV are both $10,000 On February 10, 2021, Ethon agrees to exchange services during the next year for 100 shares of stock. They all agree that the services will be worth $100,000 QUESTION: Does this quality as a $361 transaction? Flag question O a. Yes, the three met at one time and all agreed to create the entity. So part of a prearranged plan b. Yes at Emily but no to David he was after Emily and so no control) and no to Ethan for services OcYes as to Emily as she had control immediately after her transaction Od Yes as to Emily and David as they transferred property Oe. No, Ethan's services taint the whole thing