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a. 49. Ashley Adams owns stock in C Corp costing $25,000. She sells the stock to her daughter, Brittany, for $18,000. Two years later, Brittany

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a. 49. Ashley Adams owns stock in C Corp costing $25,000. She sells the stock to her daughter, Brittany, for $18,000. Two years later, Brittany sells the stock for $27,000. What is Ashley's gain or loss on the transaction? b. What is Brittany's gain or loss on the transaction? What is Brittany's gain or loss if she sold the stock for $24,000? to do d. What is Brittany's gain or loss if she sold the stock for $16,000? C

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