Question: 3.)the rules for consolidated reporting for financial statement purpose are the same as the combined financial True or False 4.)he dividend received deduction (drd) is

3.)the rules for consolidated reporting for financial statement purpose are the same as the combined financial

True or False

4.)he dividend received deduction (drd) is an example of a permanent unfavorable book to tax adjustment

True or False

5.) bob and sally transfer property to new co in exchange for 100% of new cos stock but failed to attach a 351 election to the coporate tax return the failure to elect will trigger recognition of any gains realized?

True or false

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