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    Business
  3. Study Set
    Income Tax Fundamentals
  4. Exam
    Exam 10: Partnership Taxation
  5. Question
    A Partnership Will Terminate and Its Tax Year Will Close
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A Partnership Will Terminate and Its Tax Year Will Close

Question 44

Question 44

True/False

A partnership will terminate and its tax year will close if the partnership ceases to carry on any business activity.

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