IAS 24 Related Party Disclosures Following transactions were canted out by Yow Limited duing the year and J302020 Mr Sharp a web-known management consultant was hired to conduct a t company at a fa 5 men Shop is the son of the Chief Exec Offe Aan st Rs 30 min was obtained from Blue Bank Linded The L was goed by Mr. Genel Manager Finance of Yaw Laned away or (0) Throw used delivery trucks of the company were sold to fled Supplies Limted, which supple apply 60% v Granted interest bearing loan to its Chief Executive Officer for construction of house in acadance with the compan (v) Paid mobilization advance of Rs 9non against a cansu contract to Orange Lined which is ned by Mr Clearw (vi) The company awarded a contract to plant maintenance services to its subsidary Brown (P) Lined up 21 221 The company has nominated a director in Purple Lined who participates actively in operational decir business be the comp Required For ch case, discuss the requirement of AS 24 (Related Party Disclosures) regards the folowing the fancial states for the year and 30282 (a) Related party relationship and (b) Related porty transactions company as nephews of Mr. Clear 7 Matus Moving to another question will save the response Question 5 QUESTION-IAS 24 Related Party Disclos Following transactions were carried out by Yellow Limbed during the year and June 30, 22 (A loan of Rs. 30 million was obtained on Bus Bank Limted The Ian was negated by M S General Manager Face (0) Three used delivery trucks of the company were sold to Red Supplies Limited, which supples apply 60% of the (v) Granted interest bearing loan to ts Chief Executive Officer for construction of house in accordance with the company's paying he was fly by the co cutive of the (v) Pat mobilization advance of Rs 5 mon against a construction contract to Orange Lind which is owned by Mr Charanamber of amputed as faly (v) The company awarded a contract for plant maintenance services to its subsidiary Brown Pe) Lined effective Aug 012021 (vi) The company has nominated a director in Purple Limited who participates actively k Required For each case, discuss the requirement of IAS 24 (Related Party Disclosures) as regards the following dames in the nancial statem (e) Related party relationship and (b) Related party transactions For the toolbar, press ALT+F10 (PC) or ALT+FN-F10) year ended June 30, 2020 B IVS < - Paragraph Arial 10pt A BE company are My Cl Outonof 7 points xx 88