If there had been a related-party transaction during the period,the disclosures required by AASB 124 director-related entities include:
A) annual income in aggregate amount and the number in $10 000 bands.
B) retirement benefits.
C) aggregate number of shares, units, options and other equity instruments acquired and disposed of, by issuing entity and class of share, unit, option or equity instrument.
D) their names.

Question

Quizplus · Accepted Answer

AASB 124 requires the disclosure of the nature of the related party relationship as well as information about the transactions, outstanding balances, and commitments between the related parties. This includes the aggregate number of shares, units, options, and other equity instruments acquired and disposed of, by class. Choices A, B, and D are not specifically required by AASB 124.

If There Had Been a Related-Party Transaction During the Period,the