Solved

Barry Allen Is One of the Non-Executive Directors of Rose

Question 14

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents