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Problem 1: Related party transactions include all, except
a. A venturer sold goods to the joint venture.
b. Sold a car to the uncle of the entity's finance director.
c. Sold goods to another entity owned by the daughter of the entity's managing director.
d. All of these are related party transactions.
Problem 2: All of the following are related party transactions, except
a. Transferred goods from inventory to a subsidiary
b. Sold an entity car to the wife of the managing director
c. Sold an asset to an associate
d. Took out a huge bank loan
Borques Company produces and sells wooden pallets that are used for moving and stacking materials.
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Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is one of your bigggest personal expenditures. What is the variable gasoline cost of going one mile in the hybrid car? What is..
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