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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
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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 on the open market for $8,000. Doris recognizes:
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A. no gain or loss.
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B. a $1,000 gain.
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C. a $2,000 gain.
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D. a $3,000 loss.
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E. a $2,000 loss.
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