What is the parent group net operating loss for the year

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Parent and Child corporations have filed on a consolidated basis since the mid-1970s. The group reports the following amounts for the current tax year.

Operating loss, including the following 42,500,000

Charitable contributions: 600,000

Net capital gain: 1,100,000

Dividends received deduction: 450,000

Problem 1: What is the Parent group's net operating loss for the year that is available for carryforward?

Reference no: EM132827785

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