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Corporation P owns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information: Required: a. Compute each
Corporation P owns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information: Required: a. Compute each corporation's taxable income if each files a separate tax return. b. Compute consolidated taxable income if Corporation \\( \\mathrm{P} \\) and Corporation \\( \\mathrm{T} \\) file a consolidated tax return. Complete this question by entering your answers in the tabs below. Compute each corporation's taxable income if each files a separate tax return. Note: Net loss(es) should be indicated by a minus sign. Compute consolidated taxable income if Corporation \\( \\mathrm{P} \\) and Corporation \\( \\mathrm{T} \\) file a consolidated tax return
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