Which of the Following Transactions Is Usually Not Considered a 'Related

question 52

Multiple Choice

Which of the following transactions is usually not considered a 'related party' in IAS 24?

• A)leasing arrangement with a local government
• B)sale of inventory to a subsidiary
• C)write-off of an immaterial loan to a director
• D)sale of non-current assets to an associate

---

Definitions:

Pincer Grasp

The coordination of the index finger and thumb to hold an object, an important milestone in the fine motor development of infants.

Motor Cortex

An area within the cerebral cortex that is crucial for the planning, supervision, and implementation of voluntary actions.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding over the course of a person's life.

Sensorimotor

Pertaining to or involving both sensory and motor activities or functions, often in reference to the integration of sensory input and motor responses.