Explain the concept of substance over form in accounting. How does this principle affect the recognition and measurement of transactions?

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A: Step 1: Define Bank ReconciliationAccount transactions can be verified with accounting invoice…

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A: Explanation of Annual Ordering Cost: Annual ordering cost represents the total cost incurred in…

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A: Step 1:Net profit = sales * profit margin = 25 million * 14.08% = 3.52 millions Step 2:Total assets…

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A: Step 1: Define Gross Profit RateThe gross profit refers to the profit calculated by taking the net…

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A: (Dividend + Capital Gain)/Purchase Price Dividend = $6.20Capital Gain  = Current value  - Purchase…

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A: Computations Part 1: Calculate Operating Cash Flow (OCF)Operating Cash Flow (OCF) is calculated…

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A: Referencehttps://corporatefinanceinstitute.com/resources/accounting/straight-line-depreciation/

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A: Step 1: Define Variance AnalysisIn the context of accounting, the materials cost variance may be…

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A: Gross profit  =  Gross profit / Sales Gross Profit  = Sales - cost of goods sold  =86000-64500 =…

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A: Step 1: Define Bank ReconciliationA bank reconciliation is an internal working paper prepared to…

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A: Step 1: Define Plant wide Overhead RateA plant-wide overhead rate is used to allocate the…

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A: The balanced scorecard perspective is a combination of the financial and the non-financial…

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A: Step 1: Define DepreciationThe units-of-production method is used for assets that wear and tear more…

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A: The problem requires the determination of the total debt to equity ratio. The debt-to-equity (D/E)…