When a consolidated income tax return is filed and the subsidiary issues separate financial statements to its lenders, income taxes reported in the subsidiary's income statement must be calculated as if the subsidiary had filed a separate income tax return.

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The Answer of When a consolidated income tax return is filed and the subsidiary issues separate financial statements to its lenders, income taxes reported in the subsidiary's income statement must be calculated as if the subsidiary had filed a separate income tax return.

When a Consolidated Income Tax Return Is Filed and the Subsidiary