Which of the Following Statements Concerning Property Qualifying for Like-

question 86

Multiple Choice

Which of the following statements concerning property qualifying for like- kind exchange treatment is incorrect?

• A) fte property must be held for productive use in a trade or business or for investment.
• B) fte transfer of partnership interests qualify for like-kind exchange treatment.
• C) fte exchange of inventory for a business automobile does not qualify for like-kind exchange treatment.
• D) fte exchange of unimproved property for improved property qualifies for like-kind exchange treatment.

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Definitions:

Prokaryotic DNA

The genetic material found in prokaryotes (bacteria and archaea) that is typically circular and located in the cytoplasm.

Silencer

A regulatory DNA sequence that can bind repressor proteins to inhibit the expression of a gene.

Insulator

A material that resists the flow of electric charge, used in various applications to protect against electric shock or retain heat.

Transcription Factor

Regulatory protein that influences transcription by binding directly to DNA; e.g., an activator or repressor.