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What type of strategic alliance involves two or more firms creating and together owning a new independent organization?
Managerial Accounting Reports
Financial documents specifically prepared for a company's management to assist in strategic decision-making and operational planning.
According to GAAP
As per Generally Accepted Accounting Principles, which are a set of accounting standards and procedures used in the United States.
Financial Accounting Reports
Formal documents that communicate an organization's financial performance and position to external stakeholders, including income statements and balance sheets.
GAAP
Generally Accepted Accounting Principles; a set of rules and standards for financial reporting used in the United States.
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