Which of the Following Is Usually Not a Related Party

question 58

Multiple Choice

Which of the following is usually not a related party as referred to in IAS 24 Related Party Disclosures?

• A)subsidiary
• B)associate
• C)son-in law of the chief executive officer
• D)trade union official

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Definitions:

Exponential Smoothing

A time series forecasting method for univariate data that applies decreasing weights over time.

Liquor Sales

The revenue generated from the sale of alcoholic beverages.

Smoothing Constant

A parameter in exponential smoothing models that controls the degree to which more recent observations are weighted more heavily than older observations.

Exponential Smoothing

A time series forecasting method for univariate data that applies weighting factors which decrease exponentially over time, emphasizing more recent observations.