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| Date Submitted | 08-Jul-10 |
|---|---|
| Category | Financial Accounting & Reporting |
| Heading | CLP Page 128 Unit 1 |
| Question | in the para 11 (c), what is tax funding arrangement? |
| Answer | Refer Interpretation 1052 para 43. A tax funding arrangement between the entities occurs when the head entity recognises an inter-entity receivable (payable) equal in amount to the tax liability (asset) of the subsidiary assumed. |