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3 Written questions

2 Multiple choice questions

  1. The five common shareholders must own in aggregate 80% or more of the stock of each corporation within the group for certain tax provisions
  2. Corporations related through intercorporate ownership, can elect to file consolidated return

2 True/False questions

  1. Affiliated Group RequirementsOne corporation (parent) owns 80% or more of stock of the subsidiary
    Once a parent and subsidiary exist, related corporations can be included if total ownership by corporations in the group rises to 80 percent or more


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


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