acct 1 - because i n the effect, Father’s company...

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1. What is a father-son-grandson relationship? Answer: The Father-Son-Grandson relationship occurs if parents control subsidiary which controls the other subsidiaries 2. when an indirect ownership is present, why is a specific ordering necessary for determining the incomes of the component corporations? Answer: Particular ordering necessary for determining the incomes of the component corporations
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Unformatted text preview: because i n the effect, Father’s company controls indirectly ALL of subsidiaries in chain. To compute the realized income for grandson. To compute the consolidated income for son & grandson To compute the consolidated income for father as well as son....
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.

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