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Why might a consolidated group file separate income tax returns? 1 There are no intra-entity transfers. 2There are no unrealized gains in ending inventory. 3

Why might a consolidated group file separate income tax returns?

1 There are no intra-entity transfers.

2There are no unrealized gains in ending inventory.

3 One company is a foreign company.

4 Parent owns 68 percent of one company and 82 percent of another.

5 All of these.

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