alleryStart learning →A staff pension fund of the reporting entity is, under Ind AS 24:
ARelated only if underfunded
BAlways a related party
CAn associate by default
DNever a related party
Answer & Solution
Correct answer: B. Always a related party
A post-employment benefit plan for employees of the reporting entity or a related entity is itself a related party.
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Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: