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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 8: Consolidated Tax Returns
  5. Question
    Generally, When a Subsidiary Leaves an Ongoing Consolidated Group, It
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Generally, When a Subsidiary Leaves an Ongoing Consolidated Group, It

Question 3

Question 3

Short Answer

Generally, when a subsidiary leaves an ongoing consolidated group, it must wait years before it again can reenter the parent's consolidated group.

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