A Frequently Applied Practice in Relation to the Disclosure of Related-Party

question 34

Multiple Choice

A frequently applied practice in relation to the disclosure of related-party transactions of directors is to:

• A) Make a general statement that there were some transactions.
• B) Not report that there were any transactions.
• C) State that the transaction is at arm's length terms and conditions.
• D) Specify the number, nature and amount of the transactions with comparisons to arm's length transactions of a similar nature and type.
• E) None of the given answers.

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Definitions:

No Border Button

A tool in software applications used to remove the border from a selected object or table cell.

Borders Gallery

A collection of border styles and options available in some software applications, enabling users to customize and apply borders to objects or text within documents.

Inside Address

The recipient's address in a letter, typically placed below the sender's address or at the top left of the letter.

Addressee's

Referring to the recipient of a letter or message.