Which of the following would not fit the
description of a related-party transaction?
a. An unusually large sale of
merchandise to the company's best
and largest customer.
b. Sales of merchandise between a parent
company and its subsidiary.
c. Exchanges of equipment between two
companies owned by the same person.
d. Loans to corporate officers at market
rates of interest with a regular
repayment schedule.
description of a related-party transaction?
a. An unusually large sale of
merchandise to the company's best
and largest customer.
b. Sales of merchandise between a parent
company and its subsidiary.
c. Exchanges of equipment between two
companies owned by the same person.
d. Loans to corporate officers at market
rates of interest with a regular
repayment schedule.