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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 nformation: Required: . Compute each
Corporation P owns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following nformation: Required: . Compute each corporation's taxable income if each files a separate tax return. . Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return
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