How Are the Members of a Federal Consolidated Group Affected

Multiple Choice

How are the members of a Federal consolidated group affected by computations related to E & P?

A) E & P is computed solely on a consolidated basis.
B) Each member keeps its own E & P account.
C) Members' E & P balances are frozen as long as the consolidation election is in place.
D) Consolidated E & P is computed as the sum of the E & P balances of each of the group members.