Which of the Following Would Be Considered to Be a Joint

question 4

Multiple Choice

Which of the following would be considered to be a joint operation?

• A)Two investors create a separate company which provides for joint control. The assets and liabilities of the company are the responsibility of the investors up to their ownership interest.
• B)Two investors create a separate company which provides for joint control. The assets and liabilities of the company are the responsibility of the company.
• C)Two investors create a company. Neither investor controls the individual assets or is obligated to pay for the liabilities and expenses of the separate company.
• D)None of the above would be considered a joint operation.

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