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Barbara sold 100 shares of STP Company stock to her daughter, Doris, for $7,000. The stock originally cost Barbara $10,000. Doris later sells the stock

  1. Barbara sold 100 shares of STP Company stock to her daughter, Doris, for $7,000. The stock originally cost Barbara $10,000. Doris later sells the stock on the open market for $8,000. Doris recognizes:

  • A. no gain or loss.

  • B. a $1,000 gain.

  • C. a $2,000 gain.

  • D. a $3,000 loss.

  • E. a $2,000 loss.

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