Business, 08.10.2020 09:01, yash797

The stock of Wheel Corporation, a U. S. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. Wheel owns 90 percent of the outstanding stock of Axle, Inc, also a U. S. company. Axle owns 100% of the outstanding stock of Tire Corporation, a German company. Wheel and Tire each own 50 percent of the outstanding stock of Bumper, Inc., a U. S. company. Wheel and Axle each own 50 percent of the outstanding stock of Trunk Corporation, a U. S. company. Which of these corporations form an affiliated group eligible to file a consolidated tax return?

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The stock of Wheel Corporation, a U. S. company, is publicly traded, with no single shareholder owni...