Which of the following corporations is an includible corporation for purposes of filing a consolidated tax return?

Question

Quizplus · Accepted Answer

Only C, a car manufacturing corporation, is an includible corporation for purposes of filing a consolidated tax return. Insurance companies and foreign corporations have specific tax treatment and cannot be included in a consolidated return. S corporations are pass-through entities and are ineligible for consolidated returns.

Which of the Following Corporations Is an Includible Corporation for Purposes