COST ACCOUNTING
TRANSFER PRICING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which is a special relationship?
|
|
Shareholding
|
|
|
Close relationship
|
|
|
One degree blood relationship
|
|
|
Former relationship
|
Explanation:
Detailed explanation-1: -Spouse-Children-Parents (first degree) Brothers/Sisters-Half-Brothers/Half-Sisters-Grandchildren-Grandparents (second degree) Uncles/Aunts-Nephews/Nieces-Great-Grandparents-Great-Grandchildren (third degree)
Detailed explanation-2: -(iii) Third-degree relatives include an individual’s great-grandparents, great grandchildren, great uncles/aunts, and first cousins.
Detailed explanation-3: -Any relation in the world which either by birth or by marriage is called a Blood Relation. Ex: Any relation by birth will be mother, father, son, daughter, etc. and any relation by marriage will be father-in-law, mother-in-law, etc.
There is 1 question to complete.