Which of the Following Is Not Generally a Disadvantage of Filing

Multiple Choice

Which of the following is not generally a disadvantage of filing Federal corporate income tax returns on a consolidated basis?

A) Compliance costs usually are higher when a consolidation election is in effect.
B) Realized losses from transactions between affiliates are not recognized immediately.
C) Capital gains from one affiliate can be offset by the capital losses from another.This can reduce the tax liabilities of the group as a whole.
D) The election generally is binding for future tax years.