1: Sold a car for P1,200 to the uncle of Keka 's finance director. Transaction 2: Sold goods to the value of P1,400 to Serene, a company owned by the daughter of Keka 's managing director. Serene has no other connection with Keka. Which transactions, if any, require disclosure in the financial statements of Keka under PAS 24 Related Party Disclosures?

1: Sold a car for P1,200 to the uncle of Keka 's finance director. Transaction 2: Sold goods to the value of P1,400 to Serene, a company owned by the daughter of Keka 's managing director. Serene has no other connection with Keka. Which transactions, if any, require disclosure in the financial statements of Keka under PAS 24 Related Party Disclosures?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 40CE

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