The benefits of filing a consolidated tax return include all of the following except: a)...
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Accounting
The benefits of filing a consolidated tax return include all of the following except:
a) Intercompany profits are not taxed until realized
b) Intercompany profits are deferred
c) Intercompany dividends are not taxable
d) Losses incurred by an affiliated company can be used to reduce taxable income earned by other members to that afficiated group
e) Intercompany profits are taxed before realized, but intercompany losses are deferred
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