Related Party Transactions
|6 Months Ended|
Feb. 28, 2019
|Notes to Financial Statements|
|Related Party Transactions||
For the period ended February 28, 2019, the Company paid/accrued the following:
(1) CAB is owned by the CEO of the Company, M&E is owned by the CFO of the Company, and Docherty Management Limited (“Docherty Management”) is owned by the President of the Company.
(2) Include accrued amounts for contract negotiations not completed by period end.
Due to related parties:
As at February 28, 2019, $5,621 (August 31, 2018 - $7,855) was payable to related parties included in due to related parties.
The related party transactions are recorded at the exchange amount established and agreed to between the related parties.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef