A government entity controls both Edward Limited and Jacob Limited. Bella Limited and Jasper Limited are the subsidiaries of Edward Limited. Carlisle Cullen is the managing director of Edward Limited. Edward Limited can apply the partial exemption of disclosures in paragraph 25 of IAS 24 to transactions with the following parties, except for:
A) Carlisle Cullen;
B) Jacob Limited;
C) Bella Limited;
D) the government entity.

Question

Quizplus · Accepted Answer

The partial exemption in paragraph 25 of IAS 24 applies to transactions with the government entity and subsidiaries (Bella Limited and Jasper Limited), but not to transactions with Carlisle Cullen, who is a member of key management personnel of Edward Limited.

A Government Entity Controls Both Edward Limited and Jacob Limited