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1. What conditions need to be meet for two or more companies to file a consolidated tax return (federal)? Please discuss several of the complications

1. What conditions need to be meet for two or more companies to file a consolidated tax return (federal)? Please discuss several of the complications of filing on a consolidated basis.

2. On September 15, 2008 Bank of America Corp., has agreed to acquire Merrill Lynch for approximately $50 billion. Do you believe that this acquistion was beneficial for Bank of America? Discuss.

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