Answer:
C. Joint Venture
Explanation:
A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.
Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.
<u>Advantages of a Joint Venture include:</u>
- Access to new markets.
- Pooling of resources.
- Low cost of production.
- Access to expertise ans technology, and so on.
Answer:
d. net income for the year will be overstated.
Explanation:
The prepaid rent account is used to record the amount paid in advance for rent. Once the amount is paid, the entries required are
Debit Prepaid rent
Credit Cash account
On subsequent use of the rent, the required entries are
Debit Rent expense
Credit Prepaid rent
As such where at the end of the fiscal year, the usual adjusting entry to update Prepaid Rent for the portion of the benefit that was used up / expired was accidentally omitted, net income for the year will be overstated as the rent expense that would have been posted to reduce it would have been omitted.
Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.
<h3>
What is tax?</h3>
A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.
For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.
Learn more about tax on:
brainly.com/question/9437038
Answer: Zoning Map Amendment?
Explanation:
Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.
It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.
Answer:
Option A Individuals have the skill set necessary to successfully complete the project
Explanation:
The evaluation method doesn't matters, the rewards doen't matters, the acknowledgment of responsibilities also don't matters if the team members are not capable to achieve the set objective. This is the most important part of the team formation and after that the resources availability is very important. So the right answer is Option A.
