Directions: Select the phrase/connector out of three phrases/connectors given as (a), (b) and (c) which can be used in the beginning (to start the sentence) to form a single sentence from the two or three statements given while implying the same meaning as expressed in the statement sentences. I. The land belonging to your father does not satisfy the exclusion criteria stated in the definition of capital asset. II. The gain arising from the sale of the agricultural land by your father would be taxable. a. As though the gain .... b. Assuming that the land .... c. As soon as the gain ....

• A. Only a
• B. Only c
• C. Only b
• D. a and b
• E. All a, b and c