All of the Following Transactions Are Exempt from Rules Regarding

question 76

Multiple Choice

All of the following transactions are exempt from rules regarding imputed interest with the exception of

• A)taxpayer purchases newly issued bond for $700 (face value of $1,000).
• B)taxpayer sells land for $135,000 with payment due in 5 years and no stated interest.
• C)taxpayer sells his home gym equipment for $2,800 with payment due in one year and no stated interest.
• D)taxpayer purchases a sailboat costing $2,500 for weekend boating trips; the full price payable in five months and no stated interest.

---

Definitions:

Generalized Belief

involves broad, general assumptions or convictions about oneself, others, or the world, often operating unconsciously and influencing behavior and perceptions.

Self-Fulfilling Prophecies

The phenomenon where a belief or expectation, once stated, causes actions that result in the belief becoming true.

Friendly Way

A manner or approach that is kind, pleasant, and supportive when interacting with others.

Self-Fulfilling Prophecies

Situations in which a belief or expectation leads to its own fulfillment, due to the behavior of the person holding the belief or those around them.