The Nannerl Consolidated Group Reported the Following Taxable Income Amounts $$\begin{array} { l l } \text { Parent } & ( \$ 400,000 ) \\\text { Junior } & ( \$ 600,000 ) \\\text { Minor } & \$ 100,000\end{array}$$

question 93

Multiple Choice

The Nannerl consolidated group reported the following taxable income amounts. Parent owns all of the stock of both Junior and Minor. Determine the net operating loss (NOL) that is apportioned to Junior. $$\begin{array} { l l } \text { Parent } & ( \$ 400,000 ) \\\text { Junior } & ( \$ 600,000 ) \\\text { Minor } & \$ 100,000\end{array}$$

• A)$500,000.
• B)$540,000.
• C)$600,000.
• D)$0. All NOLs of a consolidated group are apportioned to the parent.

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Definitions:

Average Number

The arithmetic mean or central value of a set of numbers, calculated by dividing the sum of the values in the set by the number of values.

Queue

A sequence of items or people waiting to be processed, often in a first-come, first-served basis in operations research and computer science.

Exponential Distribution

A probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Service Times

The duration or periods required to complete specific tasks, especially in the context of customer service or manufacturing.