Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 25

How does the amortization of tax-deductible goodwill affect the computation of a parent company's income taxes
A) It is a deductible expense only if the parent owns at least 80 percent of subsidiary's voting stock.
B) It is deductible only as impairments are recognized.
C) It is a deductible item over a 15-year period.
D) It is deductible only if a consolidated tax return is filed.