A unitary-return group includes only companies included in the federal consolidated tax return filing.
Answer the following statement true (T) or false (F)
False
A unitary-return group includes only companies determined to be unitary, whereas a federal consolidated return group includes all businesses that meet the 80 percent ownership threshold and have elected to file a consolidated return.
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Which of the following statements does not correctly describe an issue pertaining to the comparability of the cash flow statement across firms?
A. The proportion of leases treated as operating leases versus finance leases under ASC 842 varies substantially across firms. B. Companies selling their accounts receivable at year-end are distorting their cash flows in the current year relative to their competitors that do not sell their receivables at year-end. C. Companies that aggressively manage their working capital can't easily manage the short-run appearance of their operating cash flows relative to those companies that do not aggressively manage their working capital. D. GAAP requires computer software development companies to expense all software development costs until the software reaches technological feasibility. However, GAAP does not have any criteria for determining technological feasibility which therefore allows companies flexibility with respect to this determination.
Define the calculated incompetence approach.
What will be an ideal response?
Which of the following is not a category of investments?
a. Held-to-maturity securities b. Trading securities c. Collateral securities d. Available-for-sale securities
According to the functional approach, which of the following is NOT one of the core functions for team leaders?
a. Encouraging stability in the team by controlling change b. Setting direction for the team c. Managing the team’s operations d. Developing the team’s leadership abilities