_____ 12.In determining consolidated net income,each corporation first must compute separate taxable income.

Name: _____ 12.In determining consolidated net income,each corporation first must compute separate taxable income.
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In order to determine consolidated net income, each corporation must first compute their separate taxable income. This is then combined and adjustments are made to arrive at the consolidated net income figure.

_____ 12In Determining Consolidated Net Income,each Corporation First Must Compute Separate