A Calendar Year Parent Corporation Wants to File Its Tax

question 75

True/False

A calendar year parent corporation wants to file its tax returns on a consolidated basis with its affiliates. The group's election to file consolidated Federal corporate income tax returns must be made by the extended due date of the first return on which the consolidation is applied .

---

Definitions:

Task-Oriented Leadership

A leadership style that focuses on the tasks that need to be performed in order to meet certain goals, emphasizing clear roles, structured activities, and high productivity.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their style to fit the developmental and motivational needs of their subordinates to achieve the desired outcome.

Supportive Leadership

A leadership style characterized by caring for the well-being of employees and being supportive of their needs and concerns.

Team Cohesiveness

The extent to which team members are attracted to the team and motivated to remain in it, fostering unity and commitment.