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(Solved): Ash, Blue, Cream, and Donnie formed the ABCD partnership. Each partner owns a 25% interest in the en ...



Ash, Blue, Cream, and Donnie formed the ABCD partnership. Each partner owns a 25% interest in the entity. Ash and Blue use taxable years ending June 30. Cream and Donnie have taxable years ending September 30. Accordingly, ABCD's taxable year ends on:a. June 30.b. September 30.C.Either June 30 or September 30, at each partner's discretion.dDecember 31.



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