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What Is the Alternative Valuation Date? What Limit Is Placed

question 35

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What is the alternative valuation date? What limit is placed on its use?


Definitions:

Reptiles

A group of cold-blooded vertebrate animals characterized by scales or scutes, laying shelled eggs, and breathing air, including snakes, lizards, crocodilians, and turtles.

Clade

A group of organisms believed to comprise all the evolutionary descendants of a common ancestor.

Ancestral Traits

Characteristics that appeared in common ancestors and are passed down to subsequent generations.

Shared

A term referring to something that is used or belongs to more than one person or entity.

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