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Question: How does the amortization of tax-deductible


How does the amortization of tax-deductible goodwill affect the computation of a parent com- pany’s income taxes?
a. It is a deductible expense only if the parent owns at least 80 percent of the subsidiary’s voting stock.
b. It is deductible only as impairments are recognized.
c. It is a deductible item over a 15-year period.
d. It is deductible only if a consolidated tax return is filed.

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