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

question 8

Multiple Choice

Which of the following qualifies as a like-kind exchange of property?
I.Commercial retail building and its land for an office building and its land.
II.Louisiana Oil, Inc. common stock for Louisiana Oil, Inc. corporate bonds.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Operant Conditioning

A type of learning where behavior is controlled through consequences, including reinforcements or punishments, to increase or decrease the occurrence of behaviors.

Operant Conditioning

A behavioral modification process where the degree of an activity is transformed by gratification or corrections.

Reinforced

Strengthened or emphasized, especially in the context of behavior that is encouraged by rewards or positive outcomes.

Law Of Effect

A principle stating that behaviors followed by positive outcomes tend to be repeated, while those followed by negative outcomes are less likely to be repeated.