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substance over form, and legal form

This topic has 3 replies, 3 voices, and was last updated 13 years ago by MikeLittle.

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June 4, 2011 at 11:56 pm #48925
gakharg
Member
- Topics: 3
- Replies: 2
plz explain with an example what is difference b/w substance and legal form of a transaction????
June 5, 2011 at 8:24 pm #82985
MikeLittle
Keymaster
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- Replies: 23321
a finance lease – the commercial reality is that it’s our asset. But legally, title remains with the lessor
August 2, 2011 at 10:58 am #82986
Anonymous
Inactive
- Topics: 0
- Replies: 1
hi. my company bought mezzanine flooring and leased it for 4 years. how do i treat this in my books?
October 27, 2011 at 12:06 pm #82987
MikeLittle
Keymaster
- Topics: 27
- Replies: 23321
Is it a finance lease or an operating lease? Answer that question, and the accounting entries are then as per the course notes
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