Which One of the Following Qualifies as a Like-Kind Exchange

question 108

Multiple Choice

Which one of the following qualifies as a like-kind exchange?

• A)A chicken held by a farmer exchanged for medical services.
• B)A home owned and lived in by a taxpayer exchanged for a new personal residence.
• C)IBM stock exchanged for Exxon stock.
• D)Land used in business traded in for a different parcel of land also for business use.
• E)None of the above are like-kind property.

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Definitions:

Robert Brym

A sociologist known for his work on social movements, sociology of the internet, and social structure.

Holocaust

The mass genocide of six million Jews and millions of others by the Nazi regime during World War II.

Nazis

Members of the National Socialist German Workers' Party, a fascist political group led by Adolf Hitler, responsible for numerous atrocities during World War II.

Stanley Milgram

Stanley Milgram was a psychologist best known for his pioneering research on obedience to authority, illustrating how people are willing to follow orders that contradict their personal beliefs and ethics.