CH 8 HW Exercise 8 26 (Algorithmic) (LO 8) Parent and Child corporations have filed on a consolidated basis since the mid 1970s The group reports the following amounts for the current tax year Operating loss, including the following $2,800,000 Charitable contributions 672,000 Net capital gain 1,232,000 Dividends received deduction 504,000 What is the Parent group's net operating loss for the year that is available for carryforward

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Question: CH 8 HW Exercise 8-26 (Algorithmic) (LO. 8) Parent and Child corporations have filed on a consolidated basis since the mid-1970s. The group reports the

CH 8 HW

Exercise 8-26 (Algorithmic) (LO. 8)

Parent and Child corporations have filed on a consolidated basis since the mid-1970s. The group reports the following amounts for the current tax year.

Operating loss, including the following		$2,800,000
	Charitable contributions	672,000
	Net capital gain	1,232,000
	Dividends received deduction	504,000

What is the Parent group's net operating loss for the year that is available for carryforward?

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