Question types

Start with

Question limit

of 7 available terms

Advertisement Upgrade to remove ads
Print test

3 Written questions

2 Multiple choice questions

  1. Corporations related through intercorporate ownership, can elect to file consolidated return
  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 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/SisterTotal control
    Common ownership