Under the business entity assumption, The North American Coffee Partnership is a business entity separate from its
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Under the business entity assumption, The North American Coffee Partnership is a business entity separate from its owners—Starbucks (SBUX) and Pepsi (PEP). Thus, the $2 billion in sales are reported on its financial reports and not those of Starbucks or Pepsi. However, Starbucks and Pepsi report their share of the partnership as an investment.
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Related Book For
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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