Barry Allen is one of the non-executive directors of Rose Company. In this current financial year, Rose Company had transactions with the following entities:
I. Borrowed money from City Bank.
II. Purchased raw materials from Arrow Company.
III. Loaned money to one of its subsidiaries, Firestorm Company, with 10% per annum.
IV. Sold products to Star Labs Company, of which Barry Allen is also a director.
Which transactions are not related party transactions between Rose Company and another entity?
A) I and II only.
B) I, II and IV.
C) II and III only.
D) II, III, and IV.
Correct Answer:
Verified
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