Alpha Corporation owns 100% of Beta Corporation. Beta Corporation owns 100% of Omega Corporation that has a NOLCO.  Omega Corporation is merged with Beta Corporation.  Which of the following statements is correct? Omega Corporation’s NOLCO can be used by it to the exclusion of all other parties. Omega Corporation’s NOLCO can no longer be used. Omega Corporation’s NOLCO is transferred to Alpha Corporation. Omega Corporation’s NOLCO is transferred and can be used by Beta Corporation.

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Q: Pepper owns 70% of Spray. Where is the noncontrolling interest in Spray's positive net income…

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A:

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Q: goodwill

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Q: Give me correct answer with explanation.j

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.