The Consolidated Net Operating Loss of the Parent Group Includes

question 34

Multiple Choice

The consolidated net operating loss of the Parent Group includes all of the following except:

• A)Parent's operating income/loss.
• B)Parent's charitable contributions.
• C)Parent's dividends received deduction.
• D)Subsidiary's operating income/loss.

---

Definitions:

Glycolysis

A metabolic process that breaks down carbohydrates and sugars through a series of enzymatic reactions to produce pyruvate, ATP, and NADH.

Reduction Reaction

A chemical reaction that involves the gain of electrons or the decrease in oxidation state by a molecule, atom, or ion.

Carbon Dioxide

Produced during the burning of carbon and organic matter as well as through the respiration process, this odorless, colorless gas is a natural part of the atmosphere and essential for photosynthesis in plants.

NAD+

(Nicotinamide Adenine Dinucleotide) Coenzyme in oxidation-reduction reactions that accepts electrons and hydrogen ions to become NADH + H+ as oxidation of substrates occurs. During cellular respiration, NADH carries electrons to the electron transport chain in mitochondria.