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Matching Using the Legend Provided, Classify Each Statement Accordingly. in All

Question 157

Short Answer

Matching
Using the legend provided, classify each statement accordingly. In all cases, assume that taxable income is being adjusted to arrive at current E & P for 2017.
a.Increase
b.Decrease
c.No effect
-Gain realized,but not recognized,in a like-kind exchange transaction in 2017.

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