Question: Mini Corporation brought a 7 million NOL carryforward into the
Mini Corporation brought a $7 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, $2 million of which was attributable to Mini's activities for the year. Has Mini been a good consolidation partner? Explain.
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