The consolidated net operating loss of the Parent Group includes all of the following except the:
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 are not included in the calculation of a consolidated net operating loss. They are treated separately for tax purposes and do not directly affect the operating income or loss of a company.

The Consolidated Net Operating Loss of the Parent Group Includes