odule $8$ Textbook Problems

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Problem: Module $8$ Textbook Problem $1$

Learning Objective: $8-1$ Identify the four primary legal characteristics of corporations

The stock of $AB$ and $YZ$ is publicly traded, and no shareholder owns more than a $1$ percent interest in either corporation. $AB$ owns $40$ percent and YZ owns $60$ percent of the stock of Alpha, which owns $90$ percent of the stock of Beta. YZ and Beta each own $50$ percent of the stock of Kappa.

Required:

Which of these corporations forms an affiliated group eligible to file a consolidated tax return? $($You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.$)$