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Slokan Inc. and Matcho Inc. agreed to incorporate a new entity with each party having 50% of the voting rights. The agreement states that 51% of the votes must be achieved for a vote to pass.
The purpose of the new entity is to build and operate a gold mine in Peru. One party will provide the mining expertise and the other party will provide local knowledge and contacts. If either party wants out of the arrangement, a first option on the shares goes to the other party.
Problem 1: What is the nature of this investment for Slokan Inc.?
a) A joint operation
b) A subsidiary
c) An associate
d) A joint venture
Financial Statement Analysis and Preparation
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This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
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Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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