What is a joint venture? Briefly explain the tax and liability implications of a joint venture.
What will be an ideal response?
A joint venture is a partnership for a limited purpose. It is not a legal entity, so all tax liability is shared among the participants in the venture. Similarly, these participants also share any liability that arises out of the joint venture's activities.?
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Which of the following is not a category within accumulated other comprehensive income?
a. Post retirement commitments on health plans b. Foreign currency translation adjustments c. Unrealized holding gains and losses on available-for-sale marketable securities d. Changes to stockholders equity resulting from additional minimum pension liability adjustments e. Unrealized gains and losses from derivative instruments
An investment promises a rate of return of 8% per year, compounded quarterly. Which of the following formulas will correctly calculate the future value if you invest $10,000 for 20 years?
a) =FV(B2/B4,B3*B4,0,-B1)
b) =FV(B3/B4,B2/B4,0,-B1)
c) =FV(B3*B4,B2*B4,0,-B1)
d) =FV(B3/B4,B2*B4,0,-B1)
A marketer of exclusive products would be most likely to use ________ marketing
A) mass B) undifferentiated C) differentiated D) niche E) universal
Instrumentality is part of the ______.
a. equity theory b. reinforcement theory c. goal-setting theory d. expectancy theory