Which of the following statements is incorrect with respect to parent-subsidiary corporations?
A. With a consolidated return, net losses of one company can offset net income from another company.
B. A parent-subsidiary group must file a consolidated tax return.
C. If a consolidated tax return is filed, losses on intercompany sales cannot be immediately recognized.
D. A parent-subsidiary group is one where a common parent corporation owns, directly or indirectly, at least 80% of one or more other corporations.
Answer: B
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Which of the following causes an upward shift in aggregate demand?
A. An increase in the aggregate price level B. An increase in government spending C. A sudden fall in productivity D. A rise in the demand for money
Numerous examples show that using self-managing teams is likely to ______.
A. increase organizational productivity B. completely eliminate the need for managers C. increase employee turnover D. decrease profits
Ted told James that they had been given too much work by their boss and the deadline was tomorrow, which seemed unfair
A) tomorrow; which seemed unfair B) tomorrow, although it C) tomorrow. This demand seemed D) No change is necessary.
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Indicate whether the statement is true or false a. True b. False