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6. An entity that entered into a related party transaction would be required to disclose all of the following information, except a. Nature of the relationship between the parties. b. Nature of any future transactions planned between the parties and the terms involved. Peso amount of the transaction. d. Amount due from or to related parties at the end of reporting period. c. 7. Which is not required as a related party disclosure? a. The son of the chief executive officer of the entity b. The parent of the entity C. An entity that has a common director with the entity d. Joint venture in which the entity is a venturer 8. All of the following are related parties, except a. Joint venture in which the entity is a venturer b. A postemployment benefit plan for the employees c. An executive director of the entity d. The partner of a key manager is a major supplier of the entity 9. Which of the following is not a related party of an entity? a. A shareholder owning twenty percent b. An entity providing banking facilities to the entity c. An associate of the entity d. Key management personnel of the entity 10. Which of the following should be included in key management personnel compensation? a. Social security contributions b. Postemployment benefits Social security contributions and postemployment benefits d. Social security contributions, postemployment benefits and dividends to shareholders C. 280

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