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According to Hume . . .
Commercial Substance
An economic concept indicating that a transaction significantly alters the cash flows or financial position of an entity.
Plant Assets
Long-term tangible assets used in the operation of a business that are not intended for resale, such as machinery, buildings, and land.
Recognized Immediately
Financial transactions or events are recorded as soon as they occur, without delay in the accounting period.
Real Estate Commissions
Fees paid to real estate agents for services in facilitating the buying or selling of real estate properties, usually a percentage of the sale price.
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