Question 19 10 pts Which of the following statements about boot included in a nontaxable exchange is false? The receipt of boot does not trigger recognition of realized loss to the recipient The receipt of boot triggers recognition of realized gain to the recipient. The payment of boot triegers recognition of realized gain to the payer. The purpose of boot is to equalize the values of the exchanged properties Question 20 10 pts Tonto Inc. has used a calendar year as its taxable year since its incorporation in 1990. Tonto has an excellent business reason for changing to a fiscal year ending May 31. Which of the following statements is true? Because it has a good business reason, Tonto can change to a fiscal year ending May 31 without IRS permission and it Tonto changes to a fiscal year ending May 31, it must be a short period return for the seven month period from June 1 to December 31 of the year of change. Of Tonto changes to a fiscal year ending May 31, it must file a short period return for the seven-month period from June 1 to December 31 of the year of change Tonto changes to a friscal year endine May 31, it must file a short period return for the five month period from January 1 to May 31 of the year of change Because it has a good business reason, Tonto can change to a fiscal year ending May 31 without IRS permission