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Topco plc owns 80% of A Ltd which in turn owns 90% of B Ltd. Topco plc own 100% of X Inc which in
Topco plc owns 80% of A Ltd which in turn owns 90% of B Ltd. Topco plc own 100% of X Inc which in turn owns 80% of C Ltd. C Ltd owns 65% of D Ltd and 95% of Z Inc. In addition, B Ltd owns the remaining 35% in D Ltd. Both X Inc and Z Inc are incorporated in the USA. Two loss groups can be formed, which are they? A Ltd. B Ltd and Topco plc. C Ltd. Z Inc A Ltd. B Ltd and Topco plc, C Ltd, D Ltd Topco plc. A Ltd, B Ltd and Topco plc, X Inc. C Ltd, O Ltd. Z Inc Topco plc. A Ltd. B Ltd and Topco plc, C Ltd, Z Inc
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College Accounting Chapters 1-15
Authors: James Heintz
21st Edition
1285624815, 9781285624815
