Alb,Bud,and Coe Constitute an Affiliated Group of Corporations

question 13

Multiple Choice

Alb,Bud,and Coe constitute an affiliated group of corporations.Which of the following tax effects becomes more restrictive if an election is made to file on a consolidated basis?

• A)Choice of members' tax accounting methods.
• B)Use of the lower tax rate brackets.
• C)Use of the $40,000 AMT exemption.
• D)Choice of members' tax year ends.
• E)None of the above.

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