Examlex
According to Glasser, "total behavior" is made up of
Economic Substance
A principle that transactions should reflect their true economic purpose, not just their legal form.
Faithful Representation
Faithful Representation refers to financial information that accurately reflects an entity's financial performance, position, and changes in financial position.
Plant And Equipment
Long-term tangible assets used in the operations of a business, not intended for resale.
Useful Lives
The expected period of time during which an asset is expected to be usable for the purpose it was acquired.
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