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Describe the two types of joint ventures

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Question

1. ABC Company holds a 70% share in DEF Company. What type of reporting entity is DEF Company? Give reasons for your answers.

2. GHI Company holds 100% share of JKL Company. What type of reporting entity is JKL Company? Give reasons for your answers.

3. Describe the two types of joint ventures and the accounting method that is required for each type?

Reference no: EM132367850

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