The consolidated net operating loss of the Parent Group includes all of the following except:
A)Parent's operating income/loss.
B)Parent's charitable contributions.
C)Parent's dividends received deduction.
D)Subsidiary's operating income/loss.

Question

Quizplus · Accepted Answer

Charitable contributions made by the Parent Group are not included in the net operating loss calculation. The other options - Parent's operating income/loss, subsidiary's operating income/loss, and parent's dividends received deduction - are all included in the calculation.

The Consolidated Net Operating Loss of the Parent Group Includes