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27. Which of the following results in a recognized gain or loss? a. Sale of stock, which has an adjusted basis of $5,000, for $7,000.

27. Which of the following results in a recognized gain or loss? a. Sale of stock, which has an adjusted basis of $5,000, for $7,000. b. Sale of a personal auto with an adjusted basis of $10,000 for $12,000. c. Sale of a personal residence with an adjusted basis of $75,000 for $65,000

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