Intel stmicro and francisco partners are going into

Reference no: EM13575643

Intel, STMicro, and Francisco partners are going into business together taking equity shares in the new venture of, respectively, 45.1%, 48.6% and 6.3%. Assuming no other control-related factors are present, under International accounting principles,

a. only Intel should account for the new venture as a joint venture.

b. Intel and STMicro should account for their interests in the new venture as a joint venture.

c. Intel and STMicro should consolidate the new venture.

d. only STMicro should consolidate the new venture as a joint venture.

e. The information provided here is insufficient to determine who should (1) consolidate or (2) account for the new venture as a joint venture.

Reference no: EM13575643

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