When boot is involved in an exchange having commercial substance: a. only losses should be recognized.
b. gains or losses are recognized in their entirety.
c. a gain or loss is computed by comparing the fair value of the asset received with the fair value of the asset given up.
d. only gains should be recognized.

gains or losses are recognized in their entirety.

Explanation:

When boot is involved in an exchange having commercial substance, we should note that boot in this scenario refers to cash.

We should note that when cash is involved in an exchange that has commercial substance, it's either a gain or loss is made.

Therefore, the correct option is B.

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.