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Parent and Subsidiary Corporations form an affiliated group. In 2019, the initial year of operation, Parent and Subsidiary filed separate returns. In 2020 group files a consolidated return. Taxable Income How much of the Subsidiary loss can be carried back to last year?
In-House
Activities or processes performed within an organization by its own employees or resources, rather than being outsourced.
Outsource
The practice of hiring third-party vendors to perform services or produce goods that were previously done in-house, often to reduce costs or access specialized skills.
Low Bidder
In procurement, it refers to the entity that offers the lowest price to supply goods or services in a competitive bidding process.
Expensive Bidder
A term that does not correspond to a specific widely recognized concept in business or economics, thus NO.
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