Cardinal and Bluebird Corporations Both Use a Calendar Year as Their

question 5

Multiple Choice

Cardinal and Bluebird Corporations both use a calendar year as their tax year. At the close of business on June 30, Cardinal Corporation buys all of Bluebird Corporation's stock. If the two corporations file a consolidated return and both corporations earn their income evenly throughout the year, what portion of Cardinal's income will be included in the consolidated return? (Assume all months have 30 days.)

• A)100%
• B)50%
• C)0%
• D)none of the above

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Flow of Information

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Bowen Family Therapy

A reiteration of Bowenian Family Systems, focusing on intra-family relationships and the complex interplay of emotional forces within the family unit that influence behavior and emotional health.

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An interdisciplinary field that studies the structure, constraints, and possibilities of regulatory systems and their complex interactions.