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9. Which of the following would indicate a possible related party transaction? a. the corporation sells land in exchange for a zero interest note receivable.
9. Which of the following would indicate a possible related party transaction? a. the corporation sells land in exchange for a zero interest note receivable. b. selling products to an individual at a volume discount c. issuing stock in exchange for legal services d. none of the above would alert you to a related party transaction
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
7th Edition
1265440166, 978-1265440169
