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