A trade is made that is said to have no commercial substance. What does that mean? Question

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A trade is made that is said to have "no commercial substance." What does that mean? Question 5 options: The trade creates no significant change in future cash flows. The assets are similar. The assets are dissimilar. The assets are tangible in nature

Posted Date: May 18, 2024 09:04 PM

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A trade is made that is said to have no commercial substance. What does that mean? Question

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