Which of the following exchanges of property are like-kind exchanges?
I. Convenience store owner trades several cases of potato chips for a cash register.
II. A completely rented apartment building traded for a parts supply warehouse to use in business
a. Only statement I is correct.
b. Only statement II is correct.
c. Both statements are correct.
d. Neither statement is correct.
b
Business
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Which of the following terms refers to the degree to which the innovation can be tried on a limited basis?
A) compatibility B) relative advantage C) divisibility D) communicability E) complexity
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