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  3. if investor a exchanges a building worth $200,000

If investor A exchanges a building worth $200,000 for investor B's building worth $150,000, a...

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Question

Accounting

If investor A exchanges a building worth $200,000 for investor B's building worth $150,000, a car worth

$20,000, and $30,000 in cash, investor A has a taxable boot of

a. $20,000.

b. $30,000.

c. $50,000.

d. $150,000.

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