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  3. Study Set
    Australian Financial Accounting Study Set 1
  4. Exam
    Exam 29: Further Consolidation Issues I: Accounting for Intragroup Transact
  5. Question
    The Fact That Consolidation Worksheets Start "Afresh" Each Year Means
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The Fact That Consolidation Worksheets Start "Afresh" Each Year Means

Question 23

Question 23

True/False

The fact that consolidation worksheets start "afresh" each year means that the tax entry for eliminating unrealised profit in opening inventory requires a "Dr" to Deferred Tax Assets,rather than Income Tax Expense:

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