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Business dealings between independent and rational parties who are looking out for their own interests.
Investopedia Says:
For example:
if two strangers are involved in the sale and purchase of a house, it is likely that the final agreed-upon price will be close to market value (assuming that both parties have equal bargaining power and equal information about the situation). This is because the seller would want a price that is as high as possible and the buyer would want a price that is as low as possible.
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∙ 13y ago
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What is accounting assumption?
accounting assumptions provide a foundation for recording the transactions and preparing the financial statements there from.
Is a spouse in Missouri responsible for the other spouses debt?
The basic assumption is that yes, the spouse is jointly responsible. It is assumed that both spouses will benefit from the transactions.
Is an auction slaes an arms length transaction?
Yes!
Where do an order's matched transactions display?
Max transactions Tab
Where do the matches transactions for an order display?
matched transactions tab
Can you discuss the separate entity assumption?
The Separate Entity Assumption states that business transactions are separate from the transactions of the owners. As an example, if the owner purchased an asset for personal use, the property is not an asset of the business.
What is an arms length bargaining?
When a deal is not arms-length, that is, between family. Arms-length is between total strangers.
What is accounting assumption?
accounting assumptions provide a foundation for recording the transactions and preparing the financial statements there from.
Arms length processes?
The arms length process is when two people are on equal footing.
What is the money measurement assumption in acccounting?
In accounting, only those business transactions and events which are of financial nature are recorded
Is a spouse in Missouri responsible for the other spouses debt?
The basic assumption is that yes, the spouse is jointly responsible. It is assumed that both spouses will benefit from the transactions.
What unit of length was derived from the general length of the mans outstretched arms?
Yard
Are your legs the same length of your arms?
yes
What is projected balance sheet?
Projected balance sheet is the estimated balance sheet to foresee the future of business based on certain assumption before the actual transactions.
How could you estimate the angle between two stars by the comparing that angle with your thumb or fist held at arms length?
Fist at arms length = ~ 10 arc degrees Thumb at arms length = ~ 2 arc degrees Little finger ~ 1 arc degree
How do you find length for a five sided shape?
The assumption is that all lines are located on the same plane. In that case, you need to measure the length of each side and add them together and get the total length.
Is an auction slaes an arms length transaction?
Yes!
