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Unformatted text preview: consolidated the other company can help offset the taxable income that the company it limited to. B) I dont believe that they will make a good partner because they will be operating on a loss for two years and that could have an impact on the company C) I believe that they will make a good partner as they will have an addition deduction that they can use on their taxes D) I dont believe that they will make a good partner but then again the subsidiary have to use the parent company tax calendar year. Problems 33 Controlled group, not affiliated. Problems 34 Senior is liable for $2.5 million. Problems 38 Consolidation reduces group liability $37,500....
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- Spring '10