1. What is a joint venture?
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 venture
6. 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 and domestic corporation translated? what will be the prevailing rate? Is it the transactional currency or the denominated currency?
14. Is this set up possible? A and B entered into a partnership AB and Assoc, C and D entered into a partnership CD and Assoc, AB, CD and F corporation entered into a joint venture, how would you account for that?
15. Is this set up possible? X a charitable corporation entered into a joint arrangement with SMC private corporation, how would you account for that?
16. How will the joint venture report the profit sharing of co-venturers?
17. How are joint venture taxed?
18. What is the difference between merger and enter into a joint arrangement?
19. Can a JV be converted to merger and consolidation? how would you account for that?
20. What is a Public-private partnership? How would you account for that?
21. How does double entry bookkeeping work in JV?
22. Do you need to eliminate inter-company transactions when it comes to JV? explain briefly.
23. What are the different types of JV?
24. What is proportionate consolidation? and how will it affect the JV?
25. Assuming you have a client, choosing between entering into a merger or JV? what will be your advice?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
