An Affiliated Group Elects the Use of the Consolidated Method

question 72

Multiple Choice

An affiliated group elects the use of the consolidated method for filing its tax return by

• A)filing Form 1120.
• B)filing a consent to the election from each member of the affiliated group in the initial year.
• C)filing an affiliations schedule.
• D)All of the above are necessary for the election.

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Definitions:

Homeostatic

Pertaining to homeostasis, which is the process by which living organisms maintain a stable internal environment despite changes in external conditions.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Homeostasis

The ability of an organism or environment to maintain stability in response to changes.

Intrinsic Motivation

Motivation driven by an interest or enjoyment in the task itself, rather than relying on external pressures or rewards.