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All of the following are advantages of consolidated tax returns, except which of the following? O a. Better use of tax deductions and credits b.

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All of the following are advantages of consolidated tax returns, except which of the following? O a. Better use of tax deductions and credits b. Losses from intercompany transactions are deferred C. c. Income from intercompany sales are deferred O d. Capital losses from one corporation can offset capital gains of the other

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