Examlex
Explain how practical standards the attitude of managers and their willingness to commit to the set standards.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.
Equity Method
An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's profits or losses.
Owns
The act of having legal possession or right to an asset or property.
Variable Interest Entity
A variable interest entity is a legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights, leading to complex consolidation rules.
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