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Discussion Question 4 - 3 ( LO . 1 ) Regarding the purpose for 3 5 1 , classify each of the following as either

Discussion Question 4-3(LO.1)
Regarding the purpose for 351, classify each of the following as either "Property" or "Not property".
a. Services
b. Plant and equipment
c. Unrealized receivables of a cash basis taxpayer
d. Installment obligations
e. Cash
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