Which of the Following Is Not an Advantage of Filing

question 74

Multiple Choice

Which of the following is not an advantage of filing a consolidated income tax return?

• A) The existence of deferred losses in ending inventory.
• B) The ability to use net operating losses of one company to offset profits of another company.
• C) The existence of intra-entity gross profit remaining in ending inventory.
• D) Transfers of inventory at a transfer price above cost.
• E) There is no difference between U.S. GAAP and tax accounting rules for dividends paid to a parent by an 85%-owned subsidiary.

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Definitions:

Two-Way Engagement

A form of communication where both parties, such as a company and its customers, actively participate in dialogue and feedback.

Priority Audiences

Specific groups of people identified as the most important or relevant for a particular message or campaign.

Nongovernmental Organization

An independent organization not associated with governments, often focused on addressing social, environmental, and humanitarian issues.

Humanitarian Functions

Activities or roles aimed at promoting human welfare and social reforms, often associated with relief and development organizations.