Emma Gives 1,000 Shares of Green, Inc

Multiple Choice

Emma gives 1,000 shares of Green, Inc.stock to her niece, Margaret.Emma's adjusted basis for the stock is $200,000 and the fair market value is $300,000.Seven months after the gift, Margaret is killed in an airplane accident.Emma inherits the stock which then is worth $350,000.What is the adjusted basis of the inherited stock to Emma?

A) $0.
B) $200,000.
C) $300,000.
D) $350,000.
E) None of the above.