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What are the ownership requirements for filing a consolidated return?
Fiscal Year
A twelve-month period used for accounting purposes and financial reporting by an organization, which may not align with the calendar year.
Indirect Method
The indirect method is an approach to calculating cash flows from operating activities by starting with net income and adjusting for non-cash transactions.
Operating Activities
Transactions and other events related to the primary business activities of an entity, such as sales and service provision.
Net Income
The total earnings of a company after all expenses and taxes have been subtracted from revenue.
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