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Which of the following is not an advantage of filing a consolidated income tax return? A. The existence of unrealized losses in ending inventory. B.
Which of the following is not an advantage of filing a consolidated income tax return?
A. | The existence of unrealized losses in ending inventory. |
B. | The ability to use net operating losses of one company to offset profits of another company. |
C. | The deferral of unrealized gains. |
D. | Transfers of inventory at a transfer price above cost. |
E. | Intercompany dividends are not taxable. |
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