1. Which of the following statements with respect to a like-kind exchange is false? A) Real property used in a trade or business can be exchanged for real property to be held for investment. B) An exchange of inventory does not qualify as a like-kind exchange. C) An exchange of a hotel in the United States for a hotel in Canada will not qualify. D) A sale of property and subsequent purchase of like-kind property will always qualify as a like-kind exchange. Which of the following statement is correct about student loans? No interest is charged on federal unsubsidized loans until 6 months after graduation, leaving school or drop below half-time status. No interest is accrued on all student loans under loan deferment. Federal unsubsidized student loans can be forgiven under death and permaner disability. Interest is charged on Federal subsidized loans upon loan disbursement. Financial need is required to take parent PLUS loans