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Why Might a Consolidated Group File Separate Income Tax Returns

Question 59

Multiple Choice

Why might a consolidated group file separate income tax returns?


A) There are no intra-entity transfers.
B) There are no deferred intra-entity gross profits in ending inventory.
C) One of the companies is a foreign company.
D) Parent owns 68 percent of one company and 82 percent of another.
E) All of these answer choices are correct.

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