A joint venture is a contractual agreement between two or more organizations to share the expertise, investment, management, costs, profits and risks of running a new business project. * True False

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 4MC: Mutual agency is defined as: A. a mutual agreement B. the right of all partners to represent the...
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A joint venture is a contractual agreement between two or more organizations to
share the expertise, investment, management, costs, profits and risks of running
a new business project. *
True
False
Transcribed Image Text:A joint venture is a contractual agreement between two or more organizations to share the expertise, investment, management, costs, profits and risks of running a new business project. * True False
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