Company X contributes SI7 million while Company Y contributes management expertise toward the creation of a joint venture called Zed. Zed purchases a building and incurs a mortgage to finance the purchase. The joint venture renovates the building with the help of contractors, who are paid 1S days after they render their sendees. After completion of renovations, Zed operates the building as a hotel. It also sells some of the rooms to individual investors. As a part of die purchase of each room, an investor had rights to 60% of the revenue from the hotel room purchased, while Zed retained 40% to cover operating costs.
Required:
Identify all the financial assets involved in the above situation.