Each of the Following Is True of Deferral of Gain

question 3

Multiple Choice

Each of the following is true of deferral of gain attributable to the involuntary conversion of personal property with the exception of

• A)gain deferral is elective,except for direct conversions.
• B)the replacement property may be acquired by gift,inheritance,or purchase.
• C)qualifying replacement property must be acquired within a specified time period.
• D)replacement property must be similar or related in service or use to the converted property.

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Definitions:

Genotype Frequencies

The distribution of the different genetic constitutions within a population.

Fixing Beneficial Allele

The process by which a favorable genetic variant becomes present in all individuals within a population due to natural selection.

Population Size

The total number of individuals within a defined area at a specific time.

Hardy-Weinberg Equilibrium

A rule indicating that in a population, allele and genotype frequencies will stay unchanged over time if there are no evolutionary forces at play.