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Which of the Following Transactions Qualifies as a Likekind Exchange

Question 27

Multiple Choice

Which of the following transactions qualifies as a likekind exchange?


A) The exchange of a copyright on a novel for a copyright on a song
B) An exchange of the "goodwill or going concern value" of a business for the "goodwill or going concern value" of another business
C) An exchange of land improved with an apartment house for land improved with a store building
D) An exchange of personal property used predominantly in the United States for personal property used predominantly outside the United States

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