The Sparrow Partnership has three equal partners. Partner A's tax year ends June 30, and Partners B and C use a calendar year. If the partnership uses the calendar year to report its income, when Partner A files his tax return for his tax year ending June 30, 2018, he will include his share of partnership income for the period July 1, 2017, through June 30, 2018.

a. true
b. false

Ans: b. false

Business

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A partner always has both the right and the power to dissolve a partnership

Indicate whether the statement is true or false

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Term insurance is normally purchased by people between the ages of:

A) 25 and 65 B) 45 and 65 C) 20 and 60 D) 25 and 75

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