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The concept of commercial substance in purchase and sales transactions means that the entity's cash flows are expected to change. the transaction is a bona
The concept of commercial substance in purchase and sales transactions means that
- the entity's cash flows are expected to change.
- the transaction is a bona fide purchase and sale, and the entity's cash flows are expected to change.
- the transaction must involve tangible assets.
- the transaction is a bona fide purchase and sale.
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Business Law and the Legal Environment
Authors: Susan S. Samuelson, Jeffrey F. Beatty
7th edition
1285860381, 978-1305445864, 1305445864, 978-0357689646, 978-1285860381
