Gisela gave Ellen stock worth $50,000 this year. Gisela purchased the stock for $60,000 four...
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Accounting
Gisela gave Ellen stock worth $50,000 this year. Gisela purchased the stock for $60,000 four years ago. Calculate Ellen's basis for the stock if she sells it a. for $65,000. $ b. for $45,000. $ c. for $55,000. $
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