Question
The least aggregate deferral test uses the profit percentage of each partner to determine the minimum amount of tax deferral for the partner group as
The least aggregate deferral test uses the profit percentage of each partner to determine the minimum amount of tax deferral for the partner group as a whole in determining the permissible tax yearend of a partnership.
A. True B. False
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
