Question: [ AA 3 2 ] . It is possible for both parties to receive boot in a like - kind exchange if one party receives

[AA32]. It is possible for both parties to receive boot in a like-kind exchange if one party receives cash and
the other party is treated as having received boot by having been released from more debt than it assumed on
the exchange.
a) True
b) False
[ AA 3 2 ] . It is possible for both parties to

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