Which of the Following Qualify as a Like-Kind Exchange

question 86

Multiple Choice

Which of the following qualify as a like-kind exchange?
-Land held as an investment for land used in a business.

• A)qualifies as a like-kind exchange
• B)does not qualify as a like-kind exchange

---

Definitions:

Self-Actualize

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Regulatory Fit

Regulatory Fit is a theory that suggests people's motivation in a task, decision, or persuasion is enhanced when the approach matches their regulatory focus, either promotion or prevention focused.

Met Needs

Refers to needs that have been satisfied, usually pertaining to the basic physical or psychological desires of an individual.

Incentive

A stimulus or reward that motivates or encourages an individual to perform an action or exhibit a specific behavior.