Question
The partnership starting up and the old one is dissolved. Does that also mean you have to close the books and post to the capital
The partnership starting up and the old one is dissolved. Does that also mean you have to close the books and post to the capital accounts or can you continue to the normal year end and close the books?
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Step: 1
In the scenario you described when an old partnership dissolves and a new one is formed the answer depends on several factors including 1 Continuity o...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
