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8. Sam and Hy Corporations have filed consolidated tax returns for several calendar years. At the close of business on August 31, Sam Corporation sells

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8. Sam and Hy Corporations have filed consolidated tax returns for several calendar years. At the close of business on August 31, Sam Corporation sells all of the Hy Corporation stock. What portion of Sam's and Hy's income for the current year will be included in the consolidated retum, assuming its income is earned evenly throughout the year and all months have 30 days? A) Sam 100% 100% B) Sam 66 2/3% 100% C Sam 100% 66 2/3% D) none of the above

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