Chapter P4, Problem 3Q

What is joint venture?

Explain elaborately the reasons for the failure of joint venture.

In a joint venture, the partners donot act in common or act as an agent to one another . What does this mean . Give examples.

Explain IRR to Each Joint Venture Party?

Discuss the considerations be taken into account when deciding on whether a merger with one of your clients, would be beneficial during these difficult times.

Answer the following questions on any piece of paper.1. What is a joint venture?2. Distinguish Joint venture from joint consortium and joint arrangement?3. How would you account for Joint venture?4. Can an individual enter into a joint venture with a corporation? how do you account for that?5. Distinguish partnership vs. joint venture6. Can an entity go into a joint arrangement with the government? how do you account for that?7. What is a Built Operate Transaction?8. If both big companies enter into a joint venture, will that signify unfair competition? explain briefly.9. Is there a limit to a number of corporation that can enter into a JV?10. What are the legal requirements to enter into a JV?11. Can a JV use equity method of accounting? how bout the share of net income of each individual corporation, how would you account for that?12. Can a foreign company and a domestic company enter into a JV? what are the requirements?13. How would you report in case a JV entered into by a foreign…

Which of the two is better especially in terms of convenience, a partnership or a close corporation?

Using an example, describe the benefits of Regional Trading Alliances? Are there any disadvantages to membership?

Explain the Use of the Limited Partnership in Private and Public Syndicates?