In computing consolidated taxable income, cost of goods sold is removed from the taxable incomes of the group members and determined on a group basis.

Name: In computing consolidated taxable income, cost of goods sold is removed from the taxable incomes of the group members and determined on a group basis.
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Question

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In computing consolidated taxable income, each group member calculates its taxable income, including cost of goods sold, individually before consolidation adjustments are made.

In Computing Consolidated Taxable Income, Cost of Goods Sold Is