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Substance and Form

In accounting, substance of a transaction/ event implies its actual and original nature and economic reality, while form (legal form)...

Contrived Form

The legal (contrived/ man-made) basis and manifestation (legal formalities) for establishing an entity's ownership, rights, and interest in assets and...

Legal Form

The legal basis and manifestation (legal formalities) for establishing an entity's ownership, rights, and interest in assets and obligation in...

Variable Returns

The returns that are not fixed (by contract or contractual arrangements) and have the potential to vary depending on how...