42. Halperin Corporation owns stock of Leon Corporation. For Halperin and Leon to qualify for the filing of consolidated returns, at least what percentage of Halperin's total voting power and total value of stock must be directly owned by Leon? A) Total voting Total Value of power stock 51% 51% B) Total voting Total Value of power stock 51% 80% C) Total voting Total Value of power stock 80% 80% Total voting power 80% Total Value of stock 51% 43. Which of the following corporations is entitled to join in a consolidated tax return without making a special election? A) corporations exempt from tax under Sec. 501 B) real estate investment trusts C) foreign corporations D) closely held corporations 44. Prisha and Ryia Corporations have filed consolidated tax returns for several calendar years. At the close of business on September 30, Prisha Corporation sells all of the Riya Corporation stock. What portion of Prisha's and Riya's income for the current year will be included in the consolidated return, assuming its income is earned evenly throughout the year and all months have 30 days? A) Prisha Riya 100% 100% B) Prisha Riya 75% 100% C) Prisha Riya 100% 75% D) none of the above