Which of the Following Statements Regarding the Process for Determining

Multiple Choice

Which of the following statements regarding the process for determining a partnership's tax year-end is true?

A) Under the principal partners test, a principal partner is defined as a partner having an interest of 3% or more in the profits or capital of the partnership.
B) The least aggregate deferral test utilizes the partners' capital interests to measure the amount of aggregate deferral.
C) Only the partners' profits interests are relevant when determining if a partnership has a majority interest taxable year.
D) A partnership is required to use a calendar year-end if it has a corporate partner.
E) None of the choices are true.