Which of the Following Is Typically a Related Party Transaction

question 46

Multiple Choice

Which of the following is typically a related party transaction within the provisions of AASB 124 "Related Party Disclosures"?

• A) Transactions between two entities with a common non-executive director.
• B) Transactions between two entities that share control over another joint venture.
• C) Transactions between an entity and its biggest finance provider.
• D) Transactions between entities under common control of another entity.
• E) Transactions between entities with common auditors.

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Definitions:

Bias

A tendency to lean in a certain direction, often to the detriment of an open mind; in statistics, a systematic error introduced into sampling or testing.

Bipolar Disorder

A mood disorder in which the person alternates between the hopelessness and lethargy of depression and the overexcited state of mania. Formerly called manic-depressive disorder.

Anxiety Disorder

A category of mental health disorders characterized by significant and persistent fear, anxiety, or avoidance behaviors.

Lethargic Hopelessness

A state characterized by a lack of energy and a pervasive sense of despair or pessimism.