In what order should the tests to determine a partnership's year end be applied? ...
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Accounting
In what order should the tests to determine a partnership's year end be applied?
- majority interest taxable year - principal partners test - least aggregate deferral.
- principal partners test - least aggregate deferral - majority interest taxable year.
- majority interest taxable year - least aggregate deferral - principal partners test.
- principal partners test - majority interest taxable year - least aggregate deferral.
- None of these.
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