Question: Problem 2 : ABand C Corp. form the ABC partnership. A and B are individual, cash method, calendar year taxpayersC Corpis a small corporation that,

Problem

2

: ABand C Corp. form the ABC partnership. A and B are individual, cash method, calendar year taxpayersC Corpis a small corporation that, over the last three years, has had average annual gross receipts in excess of $

30

millionC Corp. is an accrual method taxpayer using a June

30

fiscal year

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