Define the term "commercial substance."
What will be an ideal response?
Answer: A contract is said to have commercial substance if the risk, timing, or amount of the entity's future cash flows is expected to change as a result of the contract.
Business
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An analyst plans to test whether the standard deviation for the time it takes bank tellers to provide service to customers exceeds the standard of 1.5 minutes. The correct null and alternative hypotheses for this test are:
A) H0 : ? > 1.5 HA : ? ? 1.5 B) H0 : ? ? 1.5 HA : ? > 1.5 C) H0 : ?2 ? 2.25 HA : ?2 > 2.25 D) H0 : ?2 > 2.25 HA : ?2 ? 2.25
Business
Galbraith's idea that "one man's consumption becomes his neighbor's wish" mirrors Veblen's concept of pecuniary emulation
a. True b. False
Business