Conformity Among the Members of a Consolidated Group Must Be

question 28

Multiple Choice

Conformity among the members of a consolidated group must be implemented for which of the following tax items?

• A)Use of foreign tax payments (i.e., as a credit or deduction).
• B)Tax accounting method (i.e., cash or accrual).
• C)Inventory accounting method (e.g., FIFO or dollar-cost averaging).
• D)Tax year-end.

---

Definitions:

Foot-In-The-Door Technique

A persuasive strategy that involves getting a person to agree to a large request by first setting them up to agree to a modest request.

Balance Theory

is a psychological theory suggesting that individuals strive for consistency in their relationships, attitudes, and beliefs within a triadic relationship model.

Unit Relation

The way in which units, such as individuals or groups, interact or are connected to each other within a larger system or structure.

Sentiment Relation

The analysis of feelings, attitudes, or opinions towards a subject or context, often used in text analysis or customer feedback.