A Subsidiary Corporation Filing a Consolidated Return with Its Parent

question 57

True/False

A subsidiary corporation filing a consolidated return with its parent corporation must change its accounting period to conform with its parent's tax year.

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Definitions:

Change Agents

Experts in the application of behavioural science knowledge to organizational diagnosis and change.

OD Intervention

Strategies and activities designed to improve the health, performance, and effectiveness of organizations.

Diagnosis

The process of identifying and deciding on the nature of a problem or disease based on its symptoms.

Institutionalization

The process by which certain practices or norms become established and accepted in an organization or society as a whole.