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Brenda Brewster owned stock costing $12,000 which she sold to her daughter, Rita for $8,000. Rita sold the stock later for $14,000. a, what is
Brenda Brewster owned stock costing $12,000 which she sold to her daughter, Rita for $8,000. Rita sold the stock later for $14,000. a, what is Brenda's gain or loss?. b, what is Rita's gain or loss?. c, If Rita had sold the stock for $10,000 ,how much gain or loss would she recognize? d, If Rita had sold the stock for $6,000 ,how much gain or loss would she recognize
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