3.)the rules for consolidated reporting for financial statement purpose are the same as the combined financial

True or False

4.)he dividend received deduction (drd) is an example of a permanent unfavorable book to tax adjustment

True or False

5.) bob and sally transfer property to new co in exchange for 100% of new cos stock but failed to attach a 351 election to the coporate tax return the failure to elect will trigger recognition of any gains realized?

True or false