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Which is not required minimum disclosure about related party

Assignment Help Financial Accounting
Reference no: EM132696622

Problem 1. A related party transaction is a transfer

a. Between related parties when a price is charged.

b. Between related parties, regardless of whether a price is charged.

c. Between unrelated parties when a price is charged.

d. Between unrelated parties, regardless of whether a price is charged.

Problem 2. Which of the following is not a required minimum disclosure about related party transaction?

a. The amount of related party transaction

b. The amount of the outstanding balance

c. The amount of similar transaction with unrelated parties to establish that comparable related party transaction has been entered at arm's length

d. Doubtful debt related to the outstanding balance

Reference no: EM132696622

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