Exam 2 i 26 5 points Mc 01:11:17 TB MC Qu. 15-40 (Static) Sarah, Sue, and AS Incorporated formed a partnership on... Sarah, Sue, and AS Incorporated formed a partnership on May 1, 20X9, called SSAS, LP. Now that the partnership is formed, they must appropriate year-end. Sarah has a 30 percent profits and capital interest while Sue has a 35 percent profits and capital interest. Both S calendar year-ends. AS Incorporated holds the remaining profits and capital interest in the LP, and it has a September 30 year-end. Wh SSAS, LP, use for 20X9, and which test or rule requires this year-end? Multiple Choice 12/31, least aggregate deferral test 9/30, majority interest taxable year 12/31, majority interest taxable year Saved 12/31, principal partners test

Exam 2 (3) 26 TB MC Qu. 15.40 (Static) Sarah, Sue, and AS Incorporated formed a partnership on... Sarah, Sue, and AS incorporated formed a partnership on May 1, 20X9, called SSAS, LP. Now that the partnership is formed, they must appropciate year-end. Sarah has a 30 percent profits and capital interest while Sue has a 35 percent profits and capital interest. Both 5 calendar year-ends. AS incorporated holds the remaining ptofits and capital interest in the LP. and it has a September 30 year-end. W points SSAS, UP, use for 20X9, and which test or rule requires this year-end? ot+17 Multiple Choice 1231. least aggregate defortal test 930,majontyinteresttaxabioyeas 12/3t, mejoray interest taxable your 12/31, peincipol portuers test