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NEW QUESTION: 1
Noll Corp. and Orr Corp. are contemplating entering into an unincorporated joint venture. Such a joint
venture:
A. Will be treated as an association for federal income tax purposes and taxed at the prevailing corporate
rates.
B. Will be treated as a partnership in most important legal respects.
C. Must file a certificate of limited partnership with the appropriate state agency.
D. Must be dissolved upon the completion of a single undertaking.
Answer: B
Explanation:
Choice "a" is correct. The legal requirements, the consequences, the advantages, and disadvantages of
forming a joint venture generally are identical to those of a general partnership.
Joint ventures are treated as a partnership in most important legal aspects.
Choice "b" is incorrect. A joint venture need not be dissolved upon the completion of a single undertaking.
Joint ventures may be formed for a single transaction or for a related series of transactions.
Choice "c" is incorrect because a joint venture would be taxed like a partnership, not a corporation.
Choice "d" is incorrect because a joint venture, like a partnership, may be formed without filing with the
state.

NEW QUESTION: 2
Drag and drop the threat defense solutions from the left onto their descriptions on the right.

Answer:
Explanation:

NEW QUESTION: 3
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation

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