How are the members of a consolidated group affected by computations related to E & P?

a. E & P is computed solely on a consolidated basis.

b. Consolidated E & P is computed as the sum of the E & P balances of each of the group members.

c. Members of E & P balances are frozen as long as the consolidation election is in place.

d. Each member keeps its own E & P account.

e. None of the above