_____ Under the Internal Revenue Code, Dividend Income Received from a 100%-Owned

Multiple Choice

_____ Under the Internal Revenue Code, dividend income received from a 100%-owned domestic subsidiary is effectively not taxed at the parent level

A) If a consolidated income tax return is filed.
B) If a parent and subsidiary file separate income tax returns.
C) If the subsidiary's undistributed earnings are expected to be invested indefinitely.
D) Both a and b.
E) None of the above.