![snikergrace](/avatars/47300.jpg)
snikergrace
06.12.2021 •
Business
A owns a ranch in Wyoming, which B offers to purchase. A is not willing to sell the ranch but is willing to exchange the ranch for an apartment complex in Louisiana. The complex is available for sale. B purchases the apartment complex in Louisiana from C and transfers it to A in exchange for A's ranch. The ranch and the complex each have a $1,000,000 fair market value. Which of the following is true?
A) The transaction qualifies as a like-kind exchange for B but not for A.
B) The transaction qualifies as a like-kind exchange for both B and A.
C) The transaction qualifies as a like-kind exchange for A but not for B.
D) The transaction does not qualify as a like-kind exchange for either B or A.
Solved
Show answers
More tips
- F Food and Cooking Effective Methods to Organize Videos in your iPad According to Content...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
Answers on questions: Business
- B Business Which of the following is the best example of an activity undertaken by someone who economists classify as an entrepreneur? A. Someone running for political office B. Someone...
- M Mathematics What is the area of a rectangle with a height of 3X and a width of 2X -3...
- C Chemistry Pls me brainliest, rattings etc its 2 questions and i am very confused! 8 pts!...
- M Mathematics In 20P4 how many choices are there for vice-president from a state of four officers? Note: The vice president is the second officer to be elected. Acellus...
Ответ:
All confidential information should be locked or secured at all times. ... Information should only be disclosed to others when authorised by senior management.