Which of the Following Is Typically a Related Party Transaction

question 46

Multiple Choice

Which of the following is typically a related party transaction within the provisions of AASB 124 "Related Party Disclosures"?

• A) Transactions between two entities with a common non-executive director.
• B) Transactions between two entities that share control over another joint venture.
• C) Transactions between an entity and its biggest finance provider.
• D) Transactions between entities under common control of another entity.
• E) Transactions between entities with common auditors.

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Definitions:

Seeks Resources

The act of searching for and acquiring resources or support needed to achieve objectives or complete tasks.

Self-disclosure

The act of revealing personal information or feelings to others, which can foster intimacy and trust in relationships.

Guidelines

A set of recommended practices, instructions, or rules designed to steer actions or behaviors in specific contexts.

Self-disclosure

The act of sharing personal, private, or sensitive information about oneself to another person.