The consolidated net operating loss of Parent includes all of the following except:
A)Parent's operating income/loss.
B)Parent's charitable contributions.
C)Parent's portfolio income.
D)Subsidiary's operating income/loss.

Question

Quizplus · Accepted Answer

Charitable contributions are not included in the calculation of a consolidated net operating loss. The other options listed (A, C, and D) are included in the calculation.

The Consolidated Net Operating Loss of Parent Includes All of the Following