On June 10, 2017, Ebon, Inc

question 42

Multiple Choice

On June 10, 2017, Ebon, Inc. acquired an office building as a result of a like-kind exchange. Ebon had given up a factory building that it had owned for 26 months as part of the like-kind exchange. Which of the statements below is correct?

• A)The holding period of the factory building includes the holding period of the office building.
• B)The holding period of the office building starts on June 11, 2017.
• C)The holding period of the office building starts on June 10, 2017.
• D)The holding period of the office building includes the holding period of the factory building.
• E)None of the above.

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Definitions:

Trophic Level

The position an organism occupies in a food chain, defined by the number of steps it is from the primary source of energy.

Community Structure

The composition and arrangement of the biotic component in a particular area, often considering the diversity and abundance of species.

Species Richness

The number of species in a community.

Tropical Rain Forest

A lush, species-rich forest biome that occurs in tropical areas where the climate is very moist throughout the year. Tropical rain forests are also characterized by old, infertile soils.