Examples of related party transactions that must be disclosed include:
A) purchase or sales of goods.
B) settlement of liabilities.
C) disposal of assets.
D) all of the above.

Question

Quizplus · Accepted Answer

All of the above transactions involve a transfer of resources or obligations between related parties, which can potentially impact the financial statements of both parties. Disclosing these transactions helps to ensure transparency and prevent conflicts of interest.

Examples of Related Party Transactions That Must Be Disclosed Include