Which of the following conditions will allow two companies to file a consolidate
ID: 2463668 • Letter: W
Question
Which of the following conditions will allow two companies to file a consolidated income tax return?
A.
One company owns less than 50 percent of the other company's voting stock but has the ability to significantly influence the other company.
B.
One company holds 50 percent of the other company's voting stock.
C.
One company holds 75 percent of the other company's voting stock.
D.
One company holds 83 percent of the other company's voting stock.
E.
None of these.
A.
One company owns less than 50 percent of the other company's voting stock but has the ability to significantly influence the other company.
Explanation / Answer
D.
One company holds 83 percent of the other company's voting stock.
D.
One company holds 83 percent of the other company's voting stock.
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