What Is Probably the Most Common Reason for Making a Consolidated

question 77

Essay

What is probably the most common reason for making a consolidated return election?

Recognize the unique characteristics of state legislatures, including unicameral and bicameral structures.

Understand the process and authority behind statutory law creation.

Identify the protections and rights afforded by the U.S. Constitution and its amendments.

Understand the formation, role, and impact of administrative law and agencies.

---

Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuing company.

Retained Earnings

Retained earnings represent the cumulative amount of net income earned by a company that is retained by the company rather than distributed to its shareholders as dividends.

Dividends Payable

A liability account listed on a company's balance sheet representing the amount of declared dividends that are owed to shareholders.

Cash Dividend

A payment made by a company out of its profits to its shareholders in the form of cash.