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In 2013, Savannah purchased 200 shares of Hi-Style stock as an investment. The stock cost $17,000. In 2019 when the fair market value was $19,000, Savannah gave the stock to her daughter, Daniele. If Daniele sells the stock for $20,000, she will recognize:

A) no gain or loss.
B) a $1,000 gain.
C) a $2,000 gain.
D) a $3,000 gain.

Sagot :

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