Examlex
Pollock says, "The skeptic is not just questioning our beliefs. He is also questioning the cognitive processes by which we arrive at our beliefs, and if we start all over again we will still be employing the same cognitive processes."
Substance Over Form
The concept that transactions and their effects should be recorded and reported in a way that reflects their economic reality rather than merely their legal form.
Legal Form
The specific legal structure of an entity or agreement, which determines its legal responsibilities, rights, and the regulatory framework it operates within.
Net Present Value
A calculation used to assess the profitability of an investment by summing the present values of its expected cash flows minus the initial investment cost.
Financial Instruments
Agreements resulting in one party acquiring a financial asset while the opposite party incurs a financial liability or issues an equity instrument.
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