Which of the Following Is Not Generally a Disadvantage of Filing

question 25

Multiple Choice

Which of the following is not generally a disadvantage of filing Federal corporate income tax returns on a consolidated basis?

• A) Net capital losses from one affiliate can offset the capital gains from another. This can reduce the tax liabilities of the group as a whole.
• B) Realized losses from transactions between affiliates are not recognized immediately.
• C) Compliance costs usually are higher when a consolidation election is in effect.
• D) The election generally is binding for future tax years.

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Definitions:

Difficult Goals

Targets that are challenging and hard to achieve, often requiring extra effort and determination.

Feedback

Information provided by an observer (such as a supervisor, peer, or system) regarding aspects of one's performance or behaviour.

Work Effort

The amount of physical or mental energy expended by an individual to accomplish tasks and achieve objectives at work.

High Level Performance

refers to achieving or exceeding specific goals or benchmarks at an advanced or superior level in a given context, such as business or athletics.