ParentCo and SubCo had the following items of income and deduction for the current year. Compute ParentCo and SubCo's taxable income or loss computed on a separate basis.
ParentCo SubCo
A) $82,800 $33,000
B) $78,300 $30,600
C) $80,000 $33,000
D) $81,000 $33,000
E) $82,800 $30,600

Question

ParentCo and SubCo had the following items of income and deduction for the current year.  Compute ParentCo and SubCo's taxable income or loss computed on a separate basis.
ParentCo SubCo
A) $82,800 $33,000 
B) $78,300 $30,600 
C) $80,000 $33,000 
D) $81,000 $33,000 
E) $82,800 $30,600

Quizplus · Accepted Answer

The Answer of ParentCo and SubCo had the following items of income and deduction for the current year.  Compute ParentCo and SubCo's taxable income or loss computed on a separate basis.
ParentCo SubCo
A) $82,800 $33,000 
B) $78,300 $30,600 
C) $80,000 $33,000 
D) $81,000 $33,000 
E) $82,800 $30,600

ParentCo and SubCo Had the Following Items of Income and Deduction