Which of the Following Is the Related Party of a Reporting

question 5

Multiple Choice

Which of the following is the related party of a reporting entity within the scope of IAS 24?

• A) The domestic partner of a director of the reporting entity.
• B) A supplier of the reporting entity.
• C) The non-dependent children of the reporting entity's CEO.
• D) Another subsidiary of the reporting entity's parent.

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Definitions:

Discouraged Worker

An individual who has stopped looking for employment due to the belief that no jobs are available for them or there are none for which they would qualify.

BLS

The Bureau of Labor Statistics, a US government agency responsible for collecting and analyzing critical economic data, including employment and inflation.

Natural Unemployment Rate

The lowest level of unemployment that an economy can sustain over the long term without causing inflation.

Frictional Unemployment

A type of unemployment that occurs when workers are between jobs, often due to searches for better positions or relocations.