Match Each of the Following Terms with the Appropriate Description

question 75

Short Answer

Match each of the following terms with the appropriate description, in the context of a consolidated Federal income tax return.
a.Advantage of consolidating
b.Disadvantage of consolidating
-Eliminate taxation of intercompany dividend distributions

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Definitions:

Cell Wall

Rigid but permeable layer of extracellular matrix that surrounds the plasma membrane of some cells.

Secondary Endosymbiosis

A chloroplast evolves from a red alga or green alga that was engulfed by a heterotrophic protist.

Primary Endosymbiosis

An organelle evolves from bacteria that entered a heterotrophic protist.

Chloroplast

A structure within the cells of plants and some other organisms that captures energy from sunlight and converts it into chemical energy through photosynthesis.