Identify which of the following statements is true.
A)A built-in deduction accrues in a separate return year, but is not recognized in a consolidated return year.
B)Section 382 adopts a single-entity approach in determining ownership changes.
C)The 50-percentage-point minimum stock ownership change that triggers the Sec. 382 loss limitation rules will not occur in acquisitive transactions involving a group of corporations filing consolidated returns.
D)All of the above are false.

Question

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The Answer of Identify which of the following statements is true.
A)A built-in deduction accrues in a separate return year, but is not recognized in a consolidated return year.
B)Section 382 adopts a single-entity approach in determining ownership changes.
C)The 50-percentage-point minimum stock ownership change that triggers the Sec. 382 loss limitation rules will not occur in acquisitive transactions involving a group of corporations filing consolidated returns.
D)All of the above are false.

Identify Which of the Following Statements Is True