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Problem 4-5 Calculation of Gain or loss (L0 4.3) Chrissy receives 200 shares of Chevron stock as a gift from her father. The stock cost
Problem 4-5 Calculation of Gain or loss (L0 4.3) Chrissy receives 200 shares of Chevron stock as a gift from her father. The stock cost her father $9.000 10 years ago and worth $10.500 at the date of the gift. a. If Chrissy sells the stock for $12,500, calculate the amount of the gain or lows on the sale b. of Chrissy sells the stock for $4.600, calculate the amount of the gain or loss on the sale
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