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Which one of the following statements about a controlled group of corporations is false? A. Members of a controlled group are entitled to only one
| Which one of the following statements about a controlled group of corporations is false? | |
| A. | Members of a controlled group are entitled to only one accumulated earnings tax credit. |
| B. | Any controlled group may elect to file consolidated federal income tax returns. |
| C. | All members of a controlled group need not use the parents tax year. |
| D. | A parent corporation and its 80%-owned subsidiary make up a controlled group. |
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