Overall Tax Liabilities Typically (Increase/decrease) If the Members of a Unitary

question 94

Short Answer

Overall tax liabilities typically (increase/decrease) if the members of a unitary group begin to include affiliates that generate net operating losses.

---

Definitions:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure they are in agreement.

Bank Service Charges

Fees charged by banks for various account services.

Note Collected

An increase in cash or accounts receivable resulting from the collection of a promissory note.