LO.8 Tiny Corporation brought a $4 million NOL carryforward into the Mucho Group of corporations that elected

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LO.8 Tiny Corporation brought a $4 million NOL carryforward into the Mucho Group of corporations that elected to file on a consolidated basis as of the beginning of this year. Combined results for the year generated $15 million taxable income, $1.5 million of which was attributable to Tiny’s activities for the year. Has Tiny been a good consolidation partner? Explain.

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