When the Parent Acquires 51% of a Subsidiary U

question 108

True/False

When the parent acquires 51% of a subsidiary U.S. corporation, the subsidiary can join the consolidated financial statements and the consolidated tax return of the parent.

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Definitions:

Personal Agents

Software agents designed to perform tasks or services for an individual. They act semi-autonomously on behalf of a user and may perform tasks like managing information or schedules.

Shopping Bot

An automated software that searches and scans the internet for the best deals and prices on products for online shoppers.

AI

Artificial Intelligence refers to the development of computer systems that can mimic human intelligence, including learning, reasoning, and self-correction.

Shopping Bot

A software application that automates searching the internet for the best prices and deals on products.