Which of the Following Is Not a Requirement That Must

question 120

Multiple Choice

Which of the following is not a requirement that must be met before a group files a consolidated return?

• A)None of the corporations can be ineligible under the Code to file on a consolidated basis with the others.
• B)All of the corporations must be members of an affiliated group.
• C)None of the group members can use the LIFO method of accounting for inventories.
• D)The group members must share a common tax year end.

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