Of May and June: EXAMPLE:
Galway Plc manufactures and sells a single product. The following budgeted actual
information is provided in relation to the production of this product:
€
Selling price per unit
50.00
Direct materials per unit
8.00
Direct labour per unit
5.00
Variable production overheads per unit 3.00
Details for the months of May and June 2010 are as follows:
May
June
Production of Product A
500
380
Sales of Product A (units)
300
500

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?