Examlex
What is dual direction testing?
Capital Expenditure
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.
Lender
An individual, financial institution, or entity that provides funds to another with the expectation that the funds will be repaid with interest.
Substantive Rights
Rights that have a significant impact on the valuation, use, or disposition of an asset, often determining control over economic benefits from the asset.
AASB 10/IFRS 10
Standards which set out principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities, focusing on the concept of control.
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