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ParentCo and SubCo Report the Following Items of Income and Deduction

Question 56

Multiple Choice

ParentCo and SubCo report the following items of income and deduction for the current year. ParentCo and SubCo report the following items of income and deduction for the current year. Compute ParentCo and SubCo's consolidated taxable income or loss. A) $81,000 B) $88,000 C) $90,000 D) $90,500 Compute ParentCo and SubCo's consolidated taxable income or loss.


A) $81,000
B) $88,000
C) $90,000
D) $90,500

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