The FASB Define Related Parties as

Multiple Choice

The FASB define related parties as

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