Assume a partnership is profitable and that its tax year, Financial Management

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Assume a partnership is profitable and that its tax year

Assume a partnership is profitable and that its tax year ends on December 31 but one of its partner's tax year ends on September 30. Does the partnership enjoy a tax benefit or detriment from the partnership's use of a December 31 tax year end? Explain and give an example.

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Financial Management: Assume a partnership is profitable and that its tax year

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