Create, Inc

Multiple Choice

Create, Inc., a domestic corporation, owns 90% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation. Create also owns 60% of Record, Inc., a domestic corporation. Create receives no distributions from any of these corporations. Which of these entities' net income is included in Create's Federal income tax return for the current year, assuming that Create elects to include all eligible entities in its consolidated Federal income tax return?

A) Create, Vinyl, Digital, and Record.
B) Create, Vinyl, and Digital.
C) Create, Vinyl, and Record.
D) Create and Digital.