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. $81,000 $21,000
b. $81,000 $22,000
c. $70,000 $22,000
d. $70,000 $21,000

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. $81,000 $21,000
b. $81,000 $22,000
c. $70,000 $22,000
d. $70,000 $21,000

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. $81,000 $21,000
b. $81,000 $22,000
c. $70,000 $22,000
d. $70,000 $21,000

ParentCo and SubCo Had the Following Items of Income and Deduction