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  3. the stock of grommet corporation, a u.s. company,

The stock of Grommet Corporation, a U.S. company, is publicly traded, with no single shareholder...

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Accounting

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The stock of Grommet Corporation, a U.S. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. Grommet owns 95 percent of the outstanding stock of Staple Inc., also a U.S. company. Staple owns 100 percent of the outstanding stock of Clip Corporation, a Canadian company. Grommet and Clip each own 50 percent of the outstanding stock of Fastener Inc., a U.S. company. Grommet and Staple each own 50 percent of the outstanding stock of Binder Corporation, a U.S. company. Which of these corporations form an affiliated group eligible to fi le a consolidated tax return

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