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