Which of the following is not a reason for a consolidated group to file separate income tax returns?
A) There are no intra-entity transfers.
B) There are no deferred intra-entity gross profits in ending inventory.
C) One of the companies is a foreign company.
D) Parent owns 68 percent of one company and 82 percent of another.
E) No temporary differences will exist with separate income tax returns.

Question

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The Answer of Which of the following is not a reason for a consolidated group to file separate income tax returns?
A) There are no intra-entity transfers.
B) There are no deferred intra-entity gross profits in ending inventory.
C) One of the companies is a foreign company.
D) Parent owns 68 percent of one company and 82 percent of another.
E) No temporary differences will exist with separate income tax returns.

Which of the Following Is Not a Reason for a Consolidated