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Which of the following statements is correct? The receipt of boot in a like-kind exchange can result in the recognition of gain. The receipt of

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Which of the following statements is correct? The receipt of boot in a like-kind exchange can result in the recognition of gain. The receipt of boot in a like-kind exchange cannot result in the recognition of loss. 3 The giving of boot in a like kind exchange can result in the recognition of gain. 4 Statements a., b., and c

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