'Intra-Group Transactions Will Never Give Rise to Tax-Effect Assets or Liabilities

question 5

Multiple Choice

'Intra-group transactions will never give rise to tax-effect assets or liabilities'

• A)This statement is true because AASB 112 specifically excludes all intra-group transactions from its scope.
• B)This statement is untrue because intra-group transactions will always give rise to group CA > CA.
• C)This statement is untrue because some intra-group transactions will result in group balances being different to subsidiary balances.
• D)This statement is untrue because AASB 112 specifically allows DTLs and DTAs to arise from inventory transactions.

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