Joint venture

From ACT Wiki
Revision as of 07:02, 25 August 2022 by imported>Doug Williamson (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search



A contractual arrangement where two or more parties undertake an economic activity which is subject to joint control.

2. Financial reporting.

A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.

See also