A 50:50 Joint Operation Was Commenced Between Two Participants $\begin{array}{llll}\text { DR } & \text { Building in JO } & \$ 40,000 \\ \text { CR } & \text { Building } & \$ 40,000\end{array}$

question 17

Multiple Choice

A 50:50 joint operation was commenced between two participants. Participant One contributed cash of $50 000, and Participant Two contributed a Building with a fair value of $50 000 and a carrying amount of $40 000. Using the line-by-line method of accounting, Participant Two would record:

• A) \(\begin{array}{llll}
• \text { DR } & \text { Building in JO } & \$ 40,000 \\
• \text { CR } & \text { Building } & \$ 40,000
• \end{array}\)
• B) \(\begin{array} { l l l l }
• \text { DR } & \text { Building in JO } & \$ 50,000 & \\
• & \text { CR } & \text { Building } & \$ 40,000 \\
• & \text { CR } & \text { Gain on sale of building } & \$ 10,000
• \end{array}\)
• C) \(\begin{array}{lll}\text { DR}&\text { Investment in joint operation } & \$ 50,000\\
• \text { CR } & \text { Building } & \$ 40,000 \\
• \text { CR } & \text { Gain on sale of building } & \$ 10,000
• \end{array}\)
• D)\(\begin{array}{lll}
• \text { DR } & \text { Cash in JO } & \$ 25,000 \\
• \text { DR } & \text { Building in JO } & \$ 20,000\\
• \text { CR } & \text { Building } & \$ 40,000 \\
• \text { CR } & \text { Gain on sale of building } & \$ 10,000
• \end{array}\)

Understand the organization and impact of different university funding models on course and program offerings.

Evaluate organizational adaptations to changing technological landscapes in research and development.

Assess the implications of external service hiring on the economics and motivations of organizational decisions.

Understand the concept of vertical relationships between manufacturers and retailers.

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Definitions:

Ethics of Protectionism

The moral principles governing policies designed to restrict international trade to protect local industries from foreign competition.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer loyalty.

Tariffs

Taxes imposed on imported goods, which can affect international trade by increasing the cost of goods and services.

Internationalization

The process of designing products, services, and strategies in a way that they can be adapted to various cultural and geographical markets.