Patton's operating income excludes income from the investment in Stevens, but includes $150,000 of unrealized gains on intra-entity transfers of inventory. Patton uses the initial value method to account for the investment in Stevens.
How much will the consolidated group save if it decides to file a consolidated income tax return?

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The Answer of  Patton's operating income excludes income from the investment in Stevens, but includes $150,000 of unrealized gains on intra-entity transfers of inventory. Patton uses the initial value method to account for the investment in Stevens.
How much will the consolidated group save if it decides to file a consolidated income tax return?

Patton's Operating Income Excludes Income from the Investment in Stevens