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:

Real Estate Brokers

Licensed professionals who act as intermediaries in real estate transactions, assisting clients in buying, selling, or renting properties.

Business Real Estate

Real property used for commercial purposes, including offices, retail spaces, industrial buildings, and multifamily residential buildings operated for income.

Emotions

Complex psychological states that involve three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response.

Judgment

The capability to make considered decisions or come to sensible conclusions.