What is substance over form?
Question:
What is ‘substance over form’?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Substance over form is a fundamental accounting principle that emphasizes the importance of economic substance in financial reporting and accounting t...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The interest rate is 10% but the government offers you a subsidized perpetual loan for $1M at 5%. In other words, you get the $1M today and, in return, you pay the government $50,000 a year forever...
-
Oakey Wines is considering expanding on from the cafe to build a restaurant that will provide an evening experience of a meal, wine and entertainment. The package will be used to showcase new season...
-
The following financial data have been determined from analyzing the records of Tims Brake Co. (a one-product firm): Contribution margin per unit ......... $50 Variable cost per unit ............ 42...
-
Schedule the following activities using CPM: a. Draw the network. b. What is the critical path? c. How many weeks will it take to complete the project? d. Which activities have slack, and howmuch?...
-
What is involved in total quality management? LO8
-
1. What type of team building best describes these volunteering activities? 2. Explain how the corporate social responsibility element of volunteering contributes to team building. 3. Along with team...
-
1 a . Put Purchasing Dept Cost on the Y axis for clarity. 1 b . Consider the visualizations. Do you notice any outliers and can you explain them with case data? Should you do anything about them ( i...
-
How do the Wates Principles affect private companies?
-
How does the UK approach differ from that of the USA?
-
The managers of a weight-loss clinic wish to confirm their belief that there is a relationship between the weight of a person entering the program and the number of pounds lost. The table presents...
-
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
-
What is the Manufacturing Cycle Efficiency? 11. Use High-Low to find the fixed and variable costs. Machine Month Costs Hours 12345678 $1,730,890 15,820 $1,753,860 13,980 $1,562,890 11,550 4...
-
Jimmy Padilla purchased a gravel pit in the current year for $944,232 and estimates that there will be a residual value in the land of $36,404 once resource extraction is complete. He estimates that...
-
Could I obtain assistance with these . problems? 1. Find the coordinates of the turning points of the curve y=3x^4-8x^3-30x^2+72x+5. Determine the nature of these points. "Determine the nature"...
-
1 . In 1 9 6 0 the homeownership rate in the United States was 6 2 % . Is there evidence to indicate that the homeownership rate is now higher? To answer the question, the researchers sample 5 0 2...
-
Answer Exercise 11.3.2 for the boundary value problems a. b. c. d. d du _ (e' u')' = e-1, u (0) = u'( 1 ) = 0 x2 u" + 2x u' = 3x2, u"(l) = u(2) = 0 x u
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
Why is an auditor's independence so essential?
-
What consulting or nonaudit services are prohibited for auditors of public companies? What other restrictions and requirements apply to auditors when providing nonaudit services to public companies?
-
Explain how the rules concerning stock ownership apply to partners and professional staff. Give an example of when stock ownership would be prohibited for each.
-
Macho Sports Company sells soccer and baseball merchandise. The company is trying to decide whether or not to continue the baseball merchandise given the decline in the demand and current loss of...
-
What amount of money invested today will provide end-of-month payments of $400 for 5 years, if the annuity is deferred for 4% years and the money earns 9.0% compounded semi-annually
-
Problem 2-9 A Preparing financial statements from a trial balance 106 Credit Hipster Optical Trial Balance May 31, 2020 Account Title Cash Accounts receivable office supplies Prepaid insurance office...
Study smarter with the SolutionInn App