Multiple Choice
Cassie owns a Rembrandt painting she acquired on June 1,2008 as an investment.She exchanges the painting on September 5,2014,for a Picasso sculpture and marketable securities to be held as an investment.On what date does the sculpture's holding period begin?
A) June 1,2008
B) June 2,2008
C) September 5,2014
D) September 6,2014
Correct Answer:
Verified
Correct Answer:
Verified
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