(Answered) 40 lo6 cerulean inccoralinc and crimson inc form the three

Management Studies

40. LO.6 Cerulean, Inc.,Coral,Inc., and Crimson, Inc. form the Three Cs Partnership on January1 of the current year. Cerulean isa 50% partner, and Crimson and Coral are 25% partners. For reporting purposes, Crimson uses a fiscal year with an October 31 year-end, Coral
uses the calendar year,and Cerulean uses a fiscal year with a February 28/29 year-end.What is the required tax year for Three Cs under the least aggregate deferral method?

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