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Question · Relief for the management entity

Tarn SA obtains the services of its chief executive from the management entity Finaxis, and has incurred 900,000 for those services for the year. Finaxis pays that executive 420,000 of compensation. Tarn directly employs two other key managers, whose total compensation is 640,000, made up entirely of short-term benefits. Write a note determining what Tarn discloses for key management personnel compensation, separating case facts, rule and judgement.

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Judgment question: compare your answer with the criteria and the model explanation.

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