Which of the Following Is Usually Not a Related Party

question 76

Multiple Choice

Which of the following is usually not a related party as referred to in AASB 124 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:

Random Variable

A variable linked to numerical outcomes produced by random effects.

Expected Number

The mean or average outcome of a random variable in a probability distribution.

Catch Fish

The act of capturing fish as a form of aquatic animal harvesting for food, sport, or commercial purposes.

Random Variable

A variable whose values depend on outcomes from a random phenomenon, essentially connecting real-world occurrences to numerical values.