X and Y firms established XY joint venture. X invests $20000 cash and Y invests $30000 cash. XY achieved $50000 net income. The ventures share net income or loss 2:3 respectively. XY distributes $20000 cash for the ventures. The "investment in the XY joint - venture" in the books of X year end is اخترأحد الخيارات a. $60000 O b. $32000 O C. $40000 d. $48000

X and Y firms established XY joint venture. X invests $20000 cash and Y invests $30000 cash. XY achieved $50000 net income. The ventures share net income or loss 2:3 respectively. XY distributes $20000 cash for the ventures. The "investment in the XY joint - venture" in the books of X year end is اخترأحد الخيارات a. $60000 O b. $32000 O C. $40000 d. $48000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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