Which of the Following Statement(s)pertaining to Joint Ventures Is TRUE

question 13

Multiple Choice

Which of the following statement(s) pertaining to Joint Ventures is TRUE?

• A)A joint venture must have a contractual arrangement establishing joint control over the venture.
• B)It must be accounted for using the Cost Method.
• C)It must be accounted for using the Equity Method.
• D)One of the parties of the joint venture must have unilateral control over the venture.

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Definitions:

Trailer Hand Brake Valve

A manually operated valve located within reach of the driver or operator to apply the brakes on a trailer independently.

Treadle Valve

A treadle valve, found in air brake systems of heavy vehicles, controls the air pressure delivered to the brakes in proportion to how much the pedal is pressed.

Trailer Service Control Signal

An electronic or pneumatic signal used to control the brakes and other systems on a trailer from the towing vehicle.

Aerodynamic Tractor-Trailer Rigs

Trucks designed with features that reduce air resistance, improving fuel efficiency and reducing operational costs.