Bob, Kara, and Mark Are Partners in the BKM Partnership

question 95

Multiple Choice

Bob, Kara, and Mark are partners in the BKM Partnership. Bob is a 40% partner and has a June 30 tax year-end. Kara owns a 40% interest in the partnership and has a September 30 tax year-end, and Mark owns the remaining 20% interest and has an October 31 tax year-end. The partnership does not have a natural business year. What is the required tax year-end for the partnership (if no Sec. 444 election is made) ?

• A)June 30
• B)September 30
• C)October 31
• D)December 31

---

Definitions:

Researchers

Individuals engaged in the systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Biological Magnification

A chemical pollutant becomes increasingly concentrated as it moves up through food chains.

Food Chain

Description of who eats whom in one path of energy flow through an ecosystem.

Ecoregion

A large area of Earth's surface characterized by a distinct ecological community of plants, animals, and microbial organisms, shaped by similar climate, landform, and soil conditions.