IASB standards address related party transactions. According to these standards,which of the following is considered a "related party?"
A)parent companies
B)subsidiary companies
C)key members of management
D)All of the above could be related parties.

Question

Quizplus · Accepted Answer

According to IASB standards, related parties can include parent companies, subsidiary companies, and key members of management. Therefore, all of the above could be considered related parties.

IASB Standards Address Related Party Transactions