On 1 January 20X0, Scud Pty Ltd Entered into a Joint

question 5

Multiple Choice

On 1 January 20X0, Scud Pty Ltd entered into a joint venture with three other parties.Each party is to share equally, and all parties made their contributions to the venture on 1 January 20X0.If the total fair value of all the joint venture assets on 1 January 20X0 was $1 200 000 and included in Scud Pty Ltd's contribution was cash of $150 000; what was the fair value of the other assets contributed by Scud Pty Ltd?

• A)$50 000
• B)$150 000
• C)$300 000
• D)Not able to be determined form the information

---

Definitions:

Thematic Apperception Test

A projective psychological test where individuals express their thoughts and feelings through stories they create about ambiguous pictures, used to assess personality.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, focusing on the concept of the collective unconscious.

Universally Experienced Archetypes

Universally experienced archetypes refer to the innately understood symbols, themes, and characters prevalent across different cultures and times, as proposed by Carl Jung.

Collective Unconscious

A concept in psychology proposed by Carl Jung, suggesting a part of the unconscious mind shared among beings of the same species containing ancestral memories and archetypes.