On October 21 of the current year, David receivesstock of Western Corporation as a gift...
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Accounting
On October 21 of the current year, David receivesstock of Western Corporation as a gift from hisgrandfather, who acquired the stock on January20, 1995. Under what conditions would Davidsholding period start on?a. October 22 of the current year?b. January 20, 1995?
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