Insurance Proceeds Received Because of the Destruction of Property Are

question 2199

Multiple Choice

Insurance proceeds received because of the destruction of property are

• A) included in gross income in all cases.
• B) excluded from gross income completely.
• C) included in gross income only to the extent the proceeds exceed the adjusted basis of the replacement property.
• D) included in gross income to the extent the proceeds are less than the adjusted basis of the replacement property.

---

Definitions:

University of Minnesota

A public research university located in Minneapolis and St. Paul, Minnesota, known for its high-quality education and research programs.

Behaviorism

Behaviorism is a psychological approach that emphasizes the study of observable behaviors and the processes behind learning, excluding theories of the mind.

Wundt

Wilhelm Wundt, often regarded as the father of experimental psychology, who established the first psychological laboratory in Leipzig, Germany, in 1879.

Repressed Conflicts

Unresolved, often unconscious, conflicts that lead to psychological distress or behaviors, according to psychoanalytic theories.