What is the total amount that was disclosed as compensation to key management personnel for the parent company of LBP Co. in 2014? * Compensation of key management personnel: Group Parent 2014 2013 2014 2013 Short-term employee benefits Post-employment benefits 133,614 32,821 121,113 31,141 115,809 27,754 106,421 26,189 Group 2014 2013 37,428 45,243 2014 45,243 Parent 2013 37,428 Other long-term benefits 211,678 189.682 188,806 170,038 Terms and conditions of transactions with related parties: The sales to and purchases from related parties are made at normal market prices and settlement is made in cash. There have been no guarantees provided or received for any related party receivables or payables. For the years ended December 31, 2014 and 2013, the Group has not made any provision for doubtful accounts relating to amounts owed by related parties. This assessment is undertaken each financial year through examination of the financial position of the related party and the market in which the related party operates. 211678 1 00 CO2

What is the total amount that was disclosed as compensation to key management personnel for the parent company of LBP Co. in 2014? * Compensation of key management personnel: Group Parent 2014 2013 2014 2013 Short-term employee benefits Post-employment benefits 133,614 32,821 121,113 31,141 115,809 27,754 106,421 26,189 Group 2014 2013 37,428 45,243 2014 45,243 Parent 2013 37,428 Other long-term benefits 211,678 189.682 188,806 170,038 Terms and conditions of transactions with related parties: The sales to and purchases from related parties are made at normal market prices and settlement is made in cash. There have been no guarantees provided or received for any related party receivables or payables. For the years ended December 31, 2014 and 2013, the Group has not made any provision for doubtful accounts relating to amounts owed by related parties. This assessment is undertaken each financial year through examination of the financial position of the related party and the market in which the related party operates. 211678 1 00 CO2

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 7MCQ

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