Examlex
What is the rotation period of the Sun?
Commercial Substance
A concept in accounting indicating that a transaction has caused a change in the financial position of the parties involved.
Commercial Substance
A condition in financial accounting where a transaction significantly changes the economic position of an entity.
Book Value
The net value of an asset calculated as total assets minus total liabilities, often used to estimate a company's value.
Land Account
A type of asset account on a company's balance sheet that represents the cost of land owned by the company.
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