Jans, an individual, owns 80% and 100% of the total value and voting power of A and
Question:
Jans, an individual, owns 80% and 100% of the total value and voting power of A and B Corporations, respectively, which in turn own the following (both value and voting power):
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All companies are C corporations except B Corp., which had elected S status since inception. Which of the following statements is correct with respect to the companies’ ability to file a consolidated return?
A) A, C, and D may file as a group
B) A and C may not file as a group, and B and D may not file as a group
C) A and C may file as a group, and B and D may file as a group
D) A and C may file as a group, but B and D may not file as a group
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson , John D. Stowe, Abby Cohen