Which of the following is correct for two companies that want to file a consolidated tax return as an affiliated group?
A) one co must hold at least 51% of the other company's voting stock
B) One company must hold at least 65% of the other company's voting stock
C) One company must hold at least 80% of the other company's voting stock
D) They cannot file one unless one company owns 100% of the other's voting stock
Answer: C) One company must hold at least 80% of the other company's voting stock
Business
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a. gainsharing b. piece rate c. sales commissions d. pay for knowledge
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The goal of a ________ is to abolish all tariffs among member countries
A) customs union B) common market C) free trade agreement D) common internal tariff
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