Deferring Recognition of an Intercompany Gain Is One Advantage/disadvantage) of Electing

question 53

Short Answer

Deferring recognition of an intercompany gain is one advantage/disadvantage) of electing to file consolidated returns.

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Definitions:

Fossa

A depression or hollow, usually in a bone.

Tuberosity

A large rounded projection on a bone, often serving as a site for muscle or ligament attachment.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, commonly known as the collarbone.