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NEW QUESTION: 1

A. Option A
B. Option C
C. Option D
D. Option B
Answer: A

NEW QUESTION: 2



A. Option D
B. Option A
C. Option C
D. Option E
E. Option B
Answer: A,B

NEW QUESTION: 3
Which of the following statements concerning an installment sale is (are) correct?
1.Some portion of the purchase price must be paid in any one taxable year other than the year of sale.
2.Installments due after the seller's death are excludible from the seller's gross estate.
A. 2 only
B. Both 1 and 2
C. Neither 1 nor 2
D. 1 only
Answer: D