Which of the Following Is Most UNLIKELY to Qualify as Driving

question 54

Multiple Choice

Which of the following is most UNLIKELY to qualify as driving forces?

• A) changes in the long-term industry growth rate, the entry or exit of major firms, and changes in cost and efficiency
• B) increasing globalization of the industry and product innovation
• C) new Internet technology applications, new government regulations, and significant changes in government policy toward the industry
• D) increasing efforts to collaborate with suppliers via strategic alliances and partnerships, escalating risk levels and normalization of cost and efficiency in the industry
• E) marketing innovations and changes in who buys the industry's product and how they use it

Analyze the impact of ownership percentage on the ability to file consolidated income tax returns.

Distinguish between the accounting strategies for entities with and without intra-entity transfers of inventory.

Compare the tax accounting implications for parent and subsidiary companies with varying degrees of ownership.

Assess the significance of intra-entity transfers in determining filing status for income taxes.