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3 Written questions

2 Multiple choice questions

  1. One 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. 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. Common Ownership Test - Brother/Sister Controlled Group.Aggregating the lowest percentages each holds in any one firm for the common shareholders, the total must exceed 50 percent


  2. Controlled GroupsParent must own at least 80% of subsidiary


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