IFRS,ASPE,and ASNPO Require That Related Party Transactions Be Disclosed

question 27

Multiple Choice

IFRS,ASPE,and ASNPO require that related party transactions be disclosed.Gregorio Limited has a materiality threshold of $50 000.Which of the following standards apply to the disclosure of related party transactions for Gregorio Limited?

• A)Disclose all transactions that are greater than the current year's materiality.
• B)Disclose all related party transactions,even those below materiality.
• C)Disclose those related party transactions that relate to officers or directors of the corporation.
• D)Disclose those related party transactions that could affect the decisions of a user.

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