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Capillary walls
Cost Method
An accounting method used to value investments, where the investment is recorded on the balance sheet at its purchase cost.
IFRS
International Financial Reporting Standards, which are a set of accounting standards developed by the IASB that provide a global framework for preparing financial statements.
Sham Exchanges
Transactions that lack substance or economic purpose, often designed to create deceptive appearances or evade taxation.
Commercial Substance
Commercial substance is a concept that a transaction significantly changes the economic position or cash flows of a company, beyond the mere transfer of assets or obligations.
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