11. LO.2 In connection with like-kind exchanges, discuss each of the following: a. Realized gain. b. Realized
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11. LO.2 In connection with like-kind exchanges, discuss each of the following:
a. Realized gain.
b. Realized loss.
c. Recognized gain.
d. Recognized loss.
e. Postponed gain.
f. Postponed loss.
g. Basis of like-kind property received.
h. Basis of boot received.
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Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young
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