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The president of your CPA firm's largest client, a medium-size manufacturing company, advises you that the firm is about to acquire its largest supplier. Both

The president of your CPA firm's largest client, a medium-size manufacturing company, advises you that the firm is about to acquire its largest supplier. Both companies have been profitable for the past ten years. The president wants to know what tax return filing options are available for the two companies and the advantages and disadvantages of the options. What factors are likely to be most important for this decision? What additional information do you need to give president an informed decision?

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