A 50:50 Joint Operation Was Commenced Between Suncorp Ltd and Stadium

question 15

Multiple Choice

A 50:50 joint operation was commenced between Suncorp Ltd and Stadium Ltd. Suncorp Ltd contributed cash of $200 000, and Stadium Ltd contributed a building with a fair value of $200 000. Using the line-by-line method of accounting, Suncorp Ltd would record which of the following entries?

• A) DR Building in JO $200 000 CR Cash $200 000
• B) DR Cash in JO $200 000 CR Cash $200 000
• C) DR Investment in joint operation $200 000 CR Cash $200 000
• D) DR Cash in JO $100 000 DR Building in JO $100 000
• CR Cash $200 000

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Definitions:

Abuse

The deliberate mistreatment of a person or animal, often resulting in injury, harm, or distress, and can be physical, emotional, sexual, or by neglect.

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A conversation where questions are asked and answers are given, often used in assessments or data collection.

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Marks on the skin resulting from blood leaking into the tissue, usually caused by trauma or injury.

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The two rounded portions of the anatomy located on the posterior of the pelvic region.