In what order should the tests to determine a partnership's year end be applied? A. majority interest taxable year - least aggregate deferral - principal partners test. B. principal partners test - majority interest taxable year - least aggregate deferral. C. principal partners test - least aggregate deferral - majority interest taxable year. D. majority interest taxable year - principal partners test - least aggregate deferral. E. None of these.

D

Explanation:

The correct order is majority interest taxable year - principal partners test - least aggregate deferral.

A partnership has to consider 3 tests in the orders 1, 2 and 3, in determining it's appropriate year end.

1. majority interest taxable year

2. principal partners test

3. least aggregate deferral

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!