Which of the following transactions is usually not considered a 'related party' in AASB 124?
A) leasing arrangement with a local government
B) sale of inventory to a subsidiary
C) write-off of an immaterial loan to a director
D) sale of non-current assets to an associate

Question

Quizplus · Accepted Answer

A leasing arrangement with a local government is not considered a related party transaction as a local government is not considered a related party under AASB 124. The other options involve transactions with parties that are considered related parties and would trigger disclosure requirements.

Which of the Following Transactions Is Usually Not Considered a 'Related