Kelly's corner bakery purchased a lot in oil city six years ago at a cost of $278,000. today, that lot has a market value of $264,000. at the time of the purchase, the company spent $6,000 to level the lot and another $8,000 to install storm drains. the company now wants to build a new facility on that site. the building cost is estimated at $1.03 million. what amount should be used as the initial cash flow for this project

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?