If There Is a Like- Kind Exchange of Property Between

question 1875

Multiple Choice

If there is a like- kind exchange of property between related parties, how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange?

• A) 2 years
• B) 6 months
• C) 1 year
• D) no waiting period

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Definitions:

Diencephalon

The between brain, which integrates sensory and motor information on its way to the cerebral cortex.

Mesencephalon

Also known as the midbrain, it is a portion of the brainstem involved in vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.

Tectum

Roof (area above the ventricle) of the midbrain; its functions are sensory processing, particularly visual and auditory, and the production of orienting movements.

Tegmentum

The tegmentum is a part of the brainstem involved in movement and arousal; it helps regulate many basic functions of life including awareness, and the modulation of pain.