Examlex
With the filing of its first consolidated return, the parent corporation of a Federal consolidated group makes an irrevocable election as to how the group will allocate a tax year's income tax liability among the group members.
Swords
Weapons with a long, edged blade used for cutting, thrusting, or as a ceremonial symbol.
Marginal Cost
Incremental cost incurred when one more unit of a product or service is produced.
Total Variable Cost
The sum of expenses that change in proportion to the activity or volume of production.
Average Variable Cost
The total variable costs divided by the quantity of output produced; it fluctuates with changes in output.
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