Each of the Following Is True Except For

question 19

Multiple Choice

Each of the following is True except for:

• A) a direct involuntary conversion occurs when property taken under imminent domain is replaced with other property.
• B) qualified replacement property rules are more restrictive than the like-kind property rules.
• C) an indirect involuntary conversion occurs when property is destroyed and insurance proceeds are used to purchase qualified replacement property.
• D) losses realized in involuntary conversions are deferred.
• E) all of the choices are True.

---

Definitions:

Crisis Counseling Program

A support service designed to help individuals affected by crises through short-term psychological intervention.

Accept the Face Value

Refers to the practice of taking information or someone's words exactly as they are presented, without questioning or looking for hidden meanings.

Unconditional Positive Regard

A concept in psychology where one shows total acceptance and support for someone else without placing any conditions on that acceptance.

Disaster Victims

Individuals adversely affected by a catastrophic event such as a natural disaster, accident, or intentional human action.