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3 years ago

10

Cindy's Ceramics engaged in a like-kind exchange that resulted in a $3,000 gain. In addition to the like-kind property, Cindy al

so received $5,000 cash. Cindy will have to recognize $______ of her realized gain.
$3000
-lesser of realized gain or boot (T/F)

1 answer:

irinina [24]3 years ago

8 0

Answer:

True

Step-by-step explanation:

$3000

-lesser of realized gain or boot

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