The Philstrom consolidated group reported the following taxable income amounts.Parent owns all of the stock of both Junior and Minor.Determine the net operating loss (NOL) that is apportioned to Junior. 
Definitions:
Entry Barriers
Entry barriers are obstacles that make it difficult for new competitors to enter an industry or market, which includes factors like high initial investment, strict regulations, and strong incumbency advantages.
Mutual Interdependence
A situation in oligopoly markets where the actions of one firm directly affect and are affected by the actions of other firms.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for significant influence over price.
Countervailing Power
The theory that competitive markets can be achieved through balancing the power of large companies by organizing a counterforce, such as labor unions or government regulations.
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