Which of the Following Is an Element of a Joint

question 41

Multiple Choice

Which of the following is an element of a joint venture?

• A)An express or implied agreement to carry on a continuing business.
• B)A measure of proprietorship of joint control of the enterprise.
• C)A manifestation of intent by one of the parties to be associated as joint venturers.
• D)A joint interest as reflected in the contribution of skill by at least one party to the joint venture.

---

Definitions:

Selling Bonds at a Discount

This occurs when bonds are sold for less than their face value, often due to the prevailing interest rates being higher than the bond's coupon rate.

Cost of Borrowing

The total amount that a borrower pays to secure and use borrowed funds, including interest and any associated fees.

Premium on Bonds Payable

The excess amount by which bonds are sold over their face value.

Bond Premium

The amount by which the market price of a bond exceeds its principal amount or face value, typically occurring when the bond's interest rate is higher than the market rate.