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ParentCo and SubCo Had the Following Items of Income and Deduction

Question 72

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 consolidated taxable income or loss. A) $81,000. B) $88,000. C) $90,000. D) $90,500. Compute ParentCo and SubCo's consolidated taxable income or loss.


A) $81,000.
B) $88,000.
C) $90,000.
D) $90,500.

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