Which One of the Following Is Not Considered Boot in a Like-Kind

question 42

Multiple Choice

Which one of the following is not considered boot in a like-kind exchange?

• A)Cash.
• B)Other property.
• C)Mortgage given.
• D)Mortgage received.
• E)All of thesE.Mortgage received is treated as transferring cash to the other party,and thus it is not boot to the recipient.

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Definitions:

Deforestation

The large-scale removal of trees from forests or woodlands, often resulting in loss of biodiversity and environmental disruption.

Habitat

The natural environment in which an organism lives, grows, and thrives, including all living and non-living factors.

Biodiversity

The variety and variability of life on Earth, including diversity within species, between species, and of ecosystems.

Extinct Species

Species that no longer exist, having no living members left due to factors like habitat destruction, predation, or climate change.