Question
43. A developer who had been selling lots in the regular course of business could receive capital gains treatment for the sale of the remaining
43. A developer who had been selling lots in the regular course of business could receive capital gains treatment for the sale of the remaining land in several sales or one sale because of an unanticipated event, such as a condemnation. T/F
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
