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    Exam 11: Property Transactions: Nonrecognition of Gains and Losses
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    A Like-Kind Exchange Would Occur When a Business Trades in a Truck
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A Like-Kind Exchange Would Occur When a Business Trades in a Truck

Question 66

Question 66

True/False

A like-kind exchange would occur when a business trades in a truck as a part of the consideration in the purchase of a new truck.

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