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| Date Submitted | 08-Jul-10 |
|---|---|
| Category | Financial Accounting & Reporting |
| Heading | CLP Page 128 Unit 1 |
| Question | in the second last para, what does it mean by "MEC" multiple entry consolidated? |
| Answer | Refer to Interpretation 1052 para 47 - "In the case of multiple entry consolidated (MEC) groups, some or all of the subsidiaries in the tax consolidated group may not be direct or indirect subsidiaries of the head entity in the group." |