The FASB Define Related Parties as

Multiple Choice

The FASB define related parties as

A) affiliates of the company
B) investments accounted for using the cost method of accounting for investment securities
C) trusts for the benefit of employees,such as,pension and profit sharing trusts that are managed by management
D) principal debtors of the company and their immediate families
E) employees of the company and their immediate families
F) both A and C
G) both B and D
H) both D and E