Which of the following is not a characteristic of a joint venture
A. It involves two or more parties that share control over an economic activity.
B. It is accounted for using the equity method by each venturer.
C. It is a separate legal entity from the venturers.
D. It may be formed for a specific project or for a continuing purpose.
Answer:C
Which of the following is not a characteristic of a joint venture
A. It involves two or more parties that share control over an economic activity. B. It is accounted for using the equity method by each venturer. C. It is a separate legal entity from the venturers. D. It may be formed for a specific project or for a continuing purpose.