Which of the following statements is correct? O a. The receipt of boot in a llike-kind exchange can result in the recognition of gain. O b. The recelpt 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, and -The giving of boot in a like- kind exchange can result in the recognition of gain”. O C. The giving of boot in a like-kind exchange can result in the recognition of gain. • d. The receipt of boot in a like-kind exchange cannot result in the recognition of loss.
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