Albany Corporation owns 50 percent of the voting stock of Bethesda Corporation. What is the minimum amount
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Question:
Albany Corporation owns 50 percent of the voting stock of Bethesda Corporation. What is the minimum amount of stock that Albany must acquire in Bethesda to allow the two corporations to file a consolidated return.
A. 30 percent of its voting stock
B. 50 percent of its voting stock
C. 80 percent of its nonvoting stock
D. Both a and c.
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