arm's length transaction

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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February 21, 2013 at 11:10 am #118375
rania
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i always get confused about it…its mentioned in a 2 party relationship in IFRS 10…
February 21, 2013 at 6:52 pm #118436
MikeLittle
Keymaster
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It’s where the two parties in a contract have no relationship other than being an independent willing buyer and an independent willing seller. What is there to get confused about?
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