Examlex
Which condition contributes to high performance?
Commercial Substance
A concept that an economic transaction has a significant impact on the future cash flows of a company, justifying its recognition.
Plant Assets
Long-term tangible assets, such as buildings, machinery, and equipment, used in the operation of a business and not intended for resale.
Exchanges
Transactions where goods, services, or assets are traded between two parties without the primary use of money, also can refer to platforms that facilitate these trades.
Extraordinary Repairs
Significant repairs that extend the useful life of an asset far beyond the current accounting period, often involving major overhaul or reconstruction.
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