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Partner A is on a calendar year-end and owns 34% of the ABC partnership. Partner B and C have a year end of April 30

Partner A is on a calendar year-end and owns 34% of the ABC partnership. Partner B and C have a year end of April 30 and each owns 33%. For purposes of calculating the year-end, which statements us true?

A. A is a principle partner

B. A is the majority partner

C. B and C are not majority partners

D. There are no principle partners

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