The answer is Joint Venture. It is the agreement or the business arrangement of two or more companies that agrees to share resources for a specific purpose without loosing their identities. The companies will share expenses, looses and profit associated with the venture but their other business interest will remain separate.
Answer:
The right answer is a.
Explanation:
In order to calculate Daniel's basis in his partnership interest, first we have to calculate daniel share of the partnership liabilities.
According to the details, Daniel acquires a 30% interest in the PPZ Partnership from Paolo, and The PPZ Partnership has borrowed $14,000 of recourse liabilities as of the date Daniel bought the interest, hence
daniel share of the partnership liabilities = 14,000 * 30% = $4,200
Hence, Daniel's basis in his partnership interest= 43,000 + 4,200 = $47,200
Answer:
we are not given any options, so I will show you the adjusting journal entry:
Dr Investment in bonds 75,000
Cr Unrealized holding gains 75,000
Northern actually made a profit by simply holding these bonds since they appreciated from $600,000 to $675,000, but it cannot record the gains immediately until they are sold. That is why unrealized holding gains is credited.
One current consumer trend is consumers who allow others to borrow a good or service for a small fee, usually done on an on-line platform. this is referred to as Sharing Economy.
The sharing economy is an economic model defined as peer-to-peer (P2P)-based activities of obtaining, providing, or sharing access to goods and services, often facilitated through online community-based platforms.
Under capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of a company that employs people to manufacture the products it sells to consumers.
Learn more about Sharing Economy here: brainly.com/question/28050979
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