Which of the Following Are External Team Members That May

question 31

Multiple Choice

Which of the following are external team members that may need to be involved in a disaster recovery plan?

• A)Police
• B)Red Cross
• C)Cleaning service providers
• D)All of the above

Recognize how interests in joint ventures and joint operations are accounted for and disclosed.

Understand the entitlement of venturers to share in profits and the treatment of losses.

Identify financial statement presentation and disclosure requirements for joint arrangements.

Analyze the financial impact and accounting treatment of venturer contributions and investments in joint arrangements.