Examlex
Representing specific categories of behavior by symbols refers to recording by:
Commercial Substance
A situation where the risk, timing, and amount of an entity's future cash flows are expected to change as a result of an economic transaction.
Fair Value
The capital retrieved from trading an asset or the expenditure for reallocating a liability in a well-arranged market transaction at the point of assessing value.
Carry Value
The original purchase cost of an asset adjusted for depreciation, amortization, or impairment costs on the financial statements.
Joint Operation
A business arrangement where two or more parties share control and management of a project or business.
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