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

45. Which of the following events is an intercompany transaction?

A) a capital contribution

B) a parent corporation's sale of stock of a subsidiary corporation to a nonmember of the group

C) dividend payment received from a subsidiary corporation to its parent corporation; the subsidiary corporation is not an includible corporation

D) accrual of interest on a loan made by one group member to another group member; both group members use the accrual method of accounting