ParentCo's Controlled Group Includes the Following Members

question 5

Essay

ParentCo's controlled group includes the following members. ParentCo owns all of the stock in each of the listed entities. Which entities can join ParentCo in a consolidated return?
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SubCoA, a manufacturer incorporated in India.
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SubCoB, a U.S. manufacturer.
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SubCoC, a U.S. S corporation.
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SubCoD, a U.S. partnership.
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SubCoE, a U.S. limited liability company (LLC).
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SubCoF, a U.S. manufacturer incorporated in Puerto Rico.
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SubCoG, a U.S. manufacturer that claims a deduction for its production activities (DPAD).
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SubCoH, a U.S. tax-exempt museum.

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Definitions:

Nominal Exchange Rate

The rate at which one currency can be exchanged for another currency, not adjusted for inflationary differences between the two currency areas.

British Pounds

The official currency of the United Kingdom, also known as GBP (Great British Pound).

Real Exchange Rate

The rate at which one country's currency can be traded for another country's currency, adjusted for inflation.

Malaysian Ringgits

The currency of Malaysia, symbolized as MYR.