Match Each Statement with the Correct Term Below

question 6

Multiple Choice

Match each statement with the correct term below.
-Like-kind property

• A)Losses are never deferred.
• B)Must be real property used for business or as a investment.
• C)Not considered like-kind property.
• D)A taxpayer can have only one at a time.
• E)The maximum amount that can be recognized on a like-kind exchange.
• F)This type of exchange must be completed within 180 days of first property transfer.
• G)The concept upon which the ability to defer gains on certain nontaxable transactions relies.

---

Definitions:

Cognitive Development

Refers to the process by which a child learns to reason, solve problems, and adapt to the environment, heavily influenced by Jean Piaget's theories.

Motor Abilities

The capacity of an individual to perform movements of the muscles with optimum speed, strength, and accuracy.

Environment

The sum of all external conditions and influences affecting the life and development of an organism or population.

Cognitive Development

A field of study in neuroscience and psychology focusing on a child's development in terms of information processing, conceptual resources, perceptual skill, language learning, and other aspects of brain development.