Multiple Choice
Cassie owns a Rembrandt painting she acquired on June 1,2008 as an investment.She exchanges the painting on September 5,2016,for a Picasso painting and marketable securities to be held as an investment.On what date does the Picasso painting's holding period begin?
A) June 1,2008
B) June 2,2008
C) September 5,2016
D) September 6,2016
Correct Answer:
Verified
Correct Answer:
Verified
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