How will the joint venture report the profit sharing of co-venturers?
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A: Hi student Since there are multiple questions, we will answer only first question.
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How will the joint venture report the profit sharing of co-venturers?
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- Explain IRR to Each Joint Venture Party?what factors to consider within the cost/benefit analysis when deciding about joint ventures/strategic alliances ?Can a Joint venture use equity method of accounting? how bout the share of net income of each individual corporation, how would you account for that?
- When is the intra-entity’s profits recognized on transfers between the investor and investee?In a joint venture, the partners donot act in common or act as an agent to one another . What does this mean . Give examples.In financial statements that are not separate financial statements, how should a joint venturer account for its interest in a joint arrangement? a. As an investment measured either at cost, fair value or using equity method b. As an investment measured using the equity method c. By using a T-account d. By recognizing its share in the assets, liabilities, income and expenses of the join venture and adding them line by line to similar accounts