27-Which of the following statements is false with regard to consolidated tax returns? The common parent must own directly more than 50% of the total voting power of all corporations included in the consolidated return. Dividends paid between a subsidiary and the parent are excluded from taxable income on the consolidated return. Each corporation in the consolidated return have 80% or more of its voting stock or value owned by other corporations in the consolidated return (other than the common parent). O The tests to determine if an affiliated group exists must be met on every day of the tax year