Which One of the Following Is Not a Requirement of a Deferred

question 93

Multiple Choice

Which one of the following is not a requirement of a deferred like-kind exchange?

• A) The like-kind property to be received must be identified within 45 days.
• B) The exchange must be completed within the taxable year.
• C) The like-kind property must be received within 180 days.
• D) A third party intermediary is often used to facilitate the exchange.
• E) All of these.

---

Definitions:

Debt Flotation Costs

Fees and expenses incurred by an issuer of debt when offering new securities to investors.

Capital Structure

The mix of various forms of capital used by a company, including debt and equity, to finance its operations.

Equity

Represents the value that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debts were paid off.

Refunding Investment Outlay

The process of reallocating or investing capital in new assets or projects with the intention of generating returns or benefits that exceed the initial costs.