The AB, BC, and CD Partnerships merge into the ABCD Partnership. AB (owned by Austin and Ben) contributes assets worth $100,000. BC (owned by Ben and Charlie) contributes assets worth $200,000. CD (owned by Charlie and Dennis) contributes assets worth $300,000. The capital and profits interest in ABCD is owned by: Austin, 10%; Ben, 30%; Charlie, 25%; and Dennis, 35%. ABCD Partnership is a continuation of

Question

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The ABCD Partnership is a continuation of the CD Partnership because CD contributed the largest amount of assets ($300,000) to the new partnership.

The AB, BC, and CD Partnerships Merge into the ABCD