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CORPORATIONSW,X,Y AND Z OWNSAND OPERATE A PARTNERSHIP. W HAS AN APRIL 30 YEAR END. X HAS A JULY 31 YEAR END.
Y HAS A NOVEMBER 30 YEAR END AND Z HAS A DECEMBER 31 YEAR END. W,X.AND Y EACH OWN 30% AND Z OWNS 10%.
USING THE LEAST AGGREGATE DEFERRAL METHOD, DETERMINE THE CORRECT YEAR END FQR PARTNERSHIP WXYZ? YOU MUST SHOW YOUR WORK IN MAKING THE PROPER DECISION?
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