A related party can be all of the following except
A) a person
B) a group of persons
C) a competitor's subsidiary
D) joint venture

Question

Quizplus · Accepted Answer

A related party in financial and business contexts typically includes individuals or entities that have a relationship with the reporting entity, such as its owners, managers, affiliates, and joint ventures. Competitors' subsidiaries do not fall under the definition of related parties as they do not have a direct or indirect relationship of control, joint control, or significant influence with the entity.

A Related Party Can Be All of the Following Except