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Which of the Following Transactions Are Not Related Party Transactions

Question 26

Multiple Choice

Which of the following transactions are not related party transactions for an entity?
 I.  An employee purchased the entity’s  products on normal trading terms.  III.  A subsidiary of the entity supplied  raw materials to the entity.  II.  The entity made an agreement with a  trade union about increase in  employee’s wages.  IV.  The entity lent money to one of its  directors. \begin{array}{|l|l|l|l|}\hline \text { I. } & \begin{array}{l}\text { An employee purchased the entity's } \\\text { products on normal trading terms. }\end{array} & \text { III. } & \begin{array}{l}\text { A subsidiary of the entity supplied } \\\text { raw materials to the entity. }\end{array} \\\hline \text { II. } & \begin{array}{l}\text { The entity made an agreement with a } \\\text { trade union about increase in } \\\text { employee's wages. }\end{array} & \text { IV. } & \begin{array}{l}\text { The entity lent money to one of its } \\\text { directors. }\end{array} \\\hline\end{array}


A) I and II only;
B) I and III only;
C) II and IV only;
D) III and IV only.

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