When the substance of a transaction differs from its legal form, the accountant should record the economic
Question:
When the substance of a transaction differs from its legal form, the accountant should record the economic substance True-False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
Question Posted:
Students also viewed these Business questions
-
A material breach of contract occurs when a party fails to perform major obligation under the contract true or false
-
Carol Travis started a paper route on January 1 , 2 0 2 0 . Every three months, she deposits $ 5 0 0 in her bank account, which earns 4 percent annually but is compounded quarterly. On December 3 1 ,...
-
In year 1, the prices of goods X, Y, and Z are $2, $4, and $6 per unit, respectively. In year 2, the prices of good X, Y, and Z are $3, $4, and $7, respectively. In year 2, twice as many units of...
-
Explain the major difference between the CPI and the PCE deflator. Why does the Federal Reserve prefer to use the core PCE to measure the inflation rate?
-
a. Where should a declared but unpaid cash dividend be reported on the bal ance sheet? b. Where should a declared but unissued stock dividend be reported on the bal ance sheet? AppendixLO1
-
Explain the importance of validating scope and how it relates to defining and controlling scope? LO.1
-
Following is the unadjusted trial balance for Alcorn Institute as of December 31, 2011, which initially records prepaid expenses and unearned revenues in balance sheet accounts. The Institute...
-
Division A at Geunhye-Park Foods (GPF) operates at capacity and considers applying ABC analysis to three product lines within its division: tofu, milk, and ramen. Mary Lamb, the manager of Division...
-
The matching principle is fundamental to the accrual basis of accounting. True-False
-
What is gross margin? Why might management be interested in the percentage of gross margin to net sales?
-
1. Which of the following general government capital asset acquisitions would be the J/east likely to be accounted for in a Capital Projects Fund? a. Construction of a new fire station financed by a...
-
Read this article, then answer the following questions: 1- Description of Instrument: a. Title of instrument, author(s), publication date 2/18/24, 5:43 PM Abuse Risk Inventory for Women: EBSCOhost...
-
Suppose that there is a magnetic field B(x, y, z) = x2 filling a 3D space. The coordinates are set up as a Cartesian coordinate system with = 2. For all the discussions below, ignore the units. a)...
-
A vertical solid cylinder of uniform cross-sectional area A floats in water. The cylinder is partially submerged. When the cylinder floats at rest, a mark is aligned with the water surface. The...
-
Non-manufacturing fixed cost for year 2011 equal to:$60,780 out of which half are Administrative expenses.Administrative expenses are expected to increase by: 10%The total Variable nonmanufacturing...
-
Q13. The probability that Ryan will roll a three using a standard die is 1/6. Let Y = number of times that Ryan has to roll a die in order to roll the first three. What is the expected value for Y?...
-
What is unique about such focal firms as franchisors, licensors, and turnkey contractors?
-
Complete problem P10-21 using ASPE. Data from P10-21 Original cost ................................................................. $7,000,000 Accumulated depreciation...
-
During the month of September,the Cider Pressing Company is trying to determine how much cider they are going to sell in October and November. One gallon of cider typically sells for $7 per gallon....
-
This is very confusing please help with descriptions if possible. Complete this question by entering your answers in the tabs below. Prepare a master budget for the three-month period ending June 30...
-
Doug recibe un dplex como regalo de su to. La base del to para el dplex y el terreno es de $90,000. En el momento de la donacin, el terreno y el edificio tienen un FMV de $40 000 y $80 000,...
Study smarter with the SolutionInn App