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ParentCo and SubCo Had the Following Items of Income and Deduction

Question 110

Multiple Choice

ParentCo and SubCo had the following items of income and deduction for the current year. ParentCo and SubCo had the following items of income and deduction for the current year. Compute ParentCo and SubCo's taxable income or loss computed on a separate basis. ParentCo SubCo A) $81,000 $21,000 B) $81,000 $22,000 C) $70,000 $22,000 D) $70,000 $21,000 Compute ParentCo and SubCo's taxable income or loss computed on a separate basis.
ParentCo SubCo


A) $81,000 $21,000
B) $81,000 $22,000
C) $70,000 $22,000
D) $70,000 $21,000

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