Question: True / False: If the joining member is not required to change its annual accounting period or its method of accounting as a result of

True / False: If the joining member is not required to change its annual accounting period or its method of accounting as a result of its change of status and an election is made under 1.1502-76(b)(2)(ii)(D), all items, including extraordinary items (e.g., Section 481(a) adjustments) can be allocated amongst multiple tax periods resulting in the tax year whereby the joining member joins the consolidated group

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