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3 Written questions

2 Multiple choice questions

  1. Aggregating the lowest percentages each holds in any one firm for the common shareholders, the total must exceed 50 percent
  2. Limited to one set of corporate tax brackets
    One alternative minimum tax exemption and one accumulated earnings credit
    Intercompany losses are treated as related party sales

2 True/False questions

  1. Affiliated GroupsCorporations related through intercorporate ownership, can elect to file consolidated return


  2. Tests for Controlled Groups - Brother/SisterParent must own at least 80% of subsidiary


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