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

question 24

Multiple Choice

Which of the following transactions is usually not considered a 'related party' in AASB 124?

• 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

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Definitions:

Nativism

Nativism is the philosophical viewpoint that certain skills or abilities are native or hardwired into the brain at birth, contrasting with the idea that knowledge is primarily acquired through experience.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, specifically the order of words and phrases to form proper sentences.

Morphology

The study of the form and structure of organisms and their specific structural features.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially the arrangement of words and phrases.