Examples of Related Party Transactions That Must Be Disclosed Include

question 8

Multiple Choice

Examples of related party transactions that must be disclosed include:

• A) settlement of liabilities;
• B) disposal of assets;
• C) purchase or sales of goods;
• D) all of the above.

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Definitions:

Normalization

A process to ensure data is organized most efficiently in a database.

Data Centralization

When data is maintained in only one file.

Relational Algebra

The use of English-like expressions that have variables and operations, much like algebraic equations, to extract data from databases using Structured Query Language.

Boolean Algebra

A branch of algebra that deals with true or false values, typically used in computer logic and circuit design.