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Two enterprises, X and Y, own 100% of the stock of JV, a joint venture.All the equity, $10 million, is equity at risk. X and
Two enterprises, X and Y, own 100% of the stock of JV, a joint venture.All the equity, $10 million, is equity at risk. X and Y have no involvement in the operation or management of JV, which is the responsibility of a third enterprise, Z. Z provides a $90 million loan to JV in exchange for the right to direct all of JV's activities via a management contract.
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Yes JV Joint Venture is a Variable Interest Entity VIE A VIE is an entity in which the equity invest...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
