Concordia Industries Ltd. collected Pounds 112,000 from customers in 2017. Of the amount collected, Pounds 30,000 was from revenue accrued from services performed in 2016. In addition, Concordia recorded Pounds 44,000 in revenue in 2017, which will not be collected until 2018. Concordia Industries also paid Pounds 72,000 for expenses in 2017. Of the amount paid, Pounds 27,000 was for expenses incurred on account in 2016. In addition, Concordia incurred Pounds 37,000 in expenses in 2017, which will not be paid until 2018. (a) Compute 2017 cash-basis net income. (b) Compute 2017 accrual-basis net income.

What does the concept "substance over form" stand for?  Can you provide me with some examples?

A CEO is considering whether to invest in Developing leadership capabilities in its managers. To make this determination, which of the following should he take into account? O People with strong leadership skills perform managerial functions more efficiently. O Improving managers' leadership skills will enable them to solve problems more effectively. O How leaders behave has a major impact on employee performance. O The attitudes of leaders have little effect on the attitudes of rank-and-file employees Identify the trait as one of either a manager or a leader. Trait Is concerned with "doing things right" Has a long-term perspective Solves problems Manager Leader ° O °

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