D Corp. had investments, direct and indirect, in several subsidiaries:? E Co. is a domestic firm in which D Corp. owned a 90% interest ? F Co. is a domestic firm in which D Corp. owned 60% and E Co. owned 30% ? G Co. is a domestic firm wholly owned by E Co. ? H Co. is a foreign subsidiary in which D Corp. owned a 90% interest ? I Co. is a domestic firm in which D Corp. owned 50% and G Co. owned 25%Which of these subsidiaries may be included in a consolidated income tax return?

A. E and F.
B. E, F, and G.
C. E, F, G, and H.
D. E, F, G, H, and I.
E. E, G, H, and I.


Answer: B

Business

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