An example of a transaction which may be indicative of the existence of related parties is
a. Borrowing or lending at a rate of interest which equals the current market rate.
b. Selling real estate at a price that is comparable to its appraised value.
c. Making large loans with specified terms as to when or how the funds will be repaid.
d. Exchanging property for similar property in a nonmonetary transaction
Answer: D
CPA Exam
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