If an Exchange Qualifies as a Like-Kind Exchange,nonrecognition of Gain

question 63

True/False

If an exchange qualifies as a like-kind exchange,nonrecognition of gain or loss is elective.

---

Definitions:

Negative Reinforcement

A psychological principle where the removal of an adverse stimulus strengthens a behavior.

Behavior

Behavior refers to the actions or reactions of organisms or systems, usually in response to external stimuli, within their environment.

Increase

A rise in the amount, number, or degree of something.

Punishment

A process by which a consequence immediately follows a behavior which decreases the future likelihood of that behavior occurring.