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arm's length transaction

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A phrase that indicates a transaction was between two independent parties and that the resulting amount is a fair representation of the value.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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