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    Intermediate Accounting Study Set 9
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    Exam 24: Full Disclosure in Financial Reporting
  5. Question
    In Order to Make Adequate Disclosure of Related Party Transactions
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In Order to Make Adequate Disclosure of Related Party Transactions

Question 48

Question 48

True/False

In order to make adequate disclosure of related party transactions, companies should report the legal form, rather than the economic substance, of these transactions.

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