The Parent and Affiliates Must Elect to File on a Consolidated

question 52

Essay

The parent and affiliates must elect to file on a consolidated basis by ____________________ after the first consolidated tax year.
or

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Definitions:

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without prior conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the occurrence of desired behaviors.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating others.