Thursday, 11 February 2016

Cima F1 Exam Question No 38

Question No 38:

Which ONE of the following would be regarded as a related party of CXZ?

The wife of CXZ’s finance director.
CXZ’s main supplier, supplying approximately 35% of CXZ’s purchases.
CXZ’s biggest customer, providing 60% of CXZ’s annual revenue.
CXZ’s banker providing CXZ with an overdraft facility and a short-term loan at market rates.

Answer: A

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