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Other Fields Homework Help Accounting Topic started by: Mandarini on Feb 14, 2017



Title: Toby Corporation owns 85% of James Corporation's single class of stock and 35% of Mony ...
Post by: Mandarini on Feb 14, 2017
Toby Corporation owns 85% of James Corporation's single class of stock and 35% of Mony Corporation's single class of stock. James Corporation owns 45% of Mony's stock. The remainder of James and Mony's stock is owned by 80 individual shareholders. Are the corporations part of an affiliated group, and can they elect to file a consolidated tax return?


Title: Re: Toby Corporation owns 85% of James Corporation's single class of stock and 35% of Mony ...
Post by: Rimoun on Feb 14, 2017
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