Which of the Following Potentially Is a Disadvantage of Electing

question 111

Multiple Choice

Which of the following potentially is a disadvantage of electing to file a Federal consolidated corporate income tax return?

• A)Recognition of losses from certain intercompany transactions is deferred.
• B)The taxation of intercompany dividends is not eliminated.
• C)The tax basis of investments in the stock of subsidiaries is unaffected by members contributing to consolidated taxable income.
• D)The § 1231 loss of one member is not offset against the § 1231 gain of another member of the group.

---

Definitions:

ANS

Short for autonomic nervous system, it controls involuntary bodily functions such as heart rate, digestion, and respiratory rate.

Parasympathetic Division

A division of the autonomic nervous system responsible for stimulating "rest-and-digest" or "feed and breed" activities when the body is at rest.

Antagonistic Effects

When two or more factors work in opposition to each other, often seen in pharmacology or physiology.

ANS

Autonomic Nervous System, a part of the nervous system that controls involuntary body functions like heartbeat and digestion.