FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Give answer within 45 min.... I will give you up vote immediately.... it's very urgent...
Transcribed Image Text:6. Gain realized on a like-kind exchange is
excluded from income in all of the following
circumstances except:
А.
When boot is given.
В.
When boot is received.
С.
When a liability is assumed.
D.
Both b and c.
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