The FASB Define Related Parties as

question 79

Multiple Choice

The FASB define related parties as

• A)customers of the company
• B)investments accounted for using the equity method of accounting for investment securities
• C)trusts for the benefit of employees,such as,pension and profit sharing trusts that are managed by union representatives
• D)principal owners of the company and their immediate families
• E)employees of the company and their immediate families
• F)both A and B
• G)both B and D
• H)both C and E

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Definitions:

Intervention

The act of intervening, often by external parties, to modify a process, situation, or behavior, usually with the intention of producing positive change.

Unrealistic Impression

A mistaken or over-optimistic idea about someone or something that does not align with reality.

Written Referral

A Written Referral is a document provided by a professional recommending a patient or client to another specialist or service for further treatment or assessment.

Comprehensive Services

A wide-ranging set of programs or interventions designed to address multiple aspects or dimensions of a problem, issue, or need.