Do parent corporations generally prefer to file consolidated tax returns with their subsidiaries as opposed to...

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Accounting

Do parent corporations generally prefer to file consolidated taxreturns with their subsidiaries as opposed to filing separatereturns? Why or why not?

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Answer Preference of Parent corporations in consolidation of tax returns GAAP has certain guidelines to combine returns of subsidiaries According to a parent organization is needed to merge consolidate its subsidiaries return if See Answer

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Do parent corporations generally prefer to file consolidated tax returns with their subsidiaries as opposed to...

60.1K

Verified Solution

Question

Accounting

Do parent corporations generally prefer to file consolidated taxreturns with their subsidiaries as opposed to filing separatereturns? Why or why not?

Answer & Explanation Solved by verified expert

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