Cerulean, Inc. Coral, Inc. and Crimson, Inc. form Three Cs Partnership on January 1 of...
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Accounting
Cerulean, Inc. Coral, Inc. and Crimson, Inc. form Three Cs Partnership on January 1 of the current year. Cerulean is a 50% partner, and Crimson and Coral are 25% parnters. For reorting purposes, Crimson uses a fiscal year with an October 31 year-end, Coral uses the calendar year, and Cerulean uses a fiscal year with a February 28/29 year-end.
What is the required tax year for Three Cc under the least aggregate deferral method?
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