Anthony and Cleopatra Create a Joint Venture to Distribute Artifacts

question 7

Multiple Choice

Anthony and Cleopatra create a joint venture to distribute artifacts.Anthony contributes 70% and Cleopatra 30% of the cash for assets purchased from Tomb Company.How would Anthony report information about Cleopatra on Anthony's financial statements?

• A)Not at all
• B)In a footnote
• C)As a liability
• D)As a noncontrolling interest

---

Definitions:

Stabilization Policy

Government strategies aimed at reducing economic volatility and maintaining stable economic growth, including measures such as fiscal and monetary policy adjustments.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and policies.

Lags

Delays between the initiation of a policy or action and its effects or outcomes.

Lean Against The Wind

Lean against the wind is a policy approach where monetary or fiscal policies are used counter-cyclically to stabilize the economy, reducing excessive growth in booms and supporting growth in recessions.