Which of the following items is not computed on a consolidated basis?
A)Dividends received deduction.
B)Cost recovery deduction.
C)Charitable contributions.
D)Net capital losses.

Question

Quizplus · Accepted Answer

Cost recovery deductions are not typically computed on a consolidated basis as they relate to the specific assets of each individual company within the group. The other items listed (dividends received deduction, charitable contributions, and net capital losses) are calculated and reported on a consolidated basis.

Which of the Following Items Is Not Computed on a Consolidated