In preparing a consolidated income tax return, all intercompany transactions are eliminated.

Name: In preparing a consolidated income tax return, all intercompany transactions are eliminated.
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In preparing a consolidated income tax return, all intercompany transactions among the consolidated group members are eliminated to avoid double counting of income or expenses and to present the financial position and results of operations of the group as a single entity.

In Preparing a Consolidated Income Tax Return, All Intercompany Transactions