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Year Corp A (Parent) Corp B (subsidiary) Corp C (subsidiary) 2023 Corp A & B are consolidated, but not C 25 20 (75) 2024 Corporation
| Year | Corp A (Parent) | Corp B (subsidiary) | Corp C (subsidiary) | |||
| 2023 Corp A & B are consolidated, but not C | 25 | 20 | (75) | |||
| 2024 Corporation C joins the consolidated group | 90 | 80 | 5 | |||
| 2025 All three corporations remain in the consolidated group | 75 | 60 | (4) | |||
| 2026 All three corporations remain in the consolidated group | 80 | 65 | 25 | |||
| 2027 All three corporations remain in the consolidated group | 72 | 48 | (35) | |||
| 2028 All three corporations remain in the consolidated group | 74 | 68 | 10 |
Based on the above information:
- How much of Corporation C's NOL can be used by the consolidated group in 2024?
- How much of Corporation C's NOL can be used by the consolidated group in 2025?
- How much of Corporation C's NOL can be used by the consolidated group in 2026?
- How much of Corporation C's NOL can be used by the consolidated group in 2027?
- How much of Corporation C's NOL can be used by the consolidated group in 2028?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
