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Under which one of the following circumstances is a state most likely not to permit a group of corporations to file a consolidated return? a.
Under which one of the following circumstances is a state most likely not to permit a group of corporations to file a consolidated return?
a. It is ineligible to file a federal consolidated return.
b. The group wants to apportion its consolidated income among the states.
c. Only one member of the group establishes nexus with the state.
d. At least one corporation owns 80 percent or more of an affiliated corporation.
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