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Post# of 68548
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deal guy

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deal guy

Re: AvantGarde post# 60150

Thursday, 11/15/2018 10:08:43 AM

Thursday, November 15, 2018 10:08:43 AM

Post# of 68548
LRS since they only own 5% only reports their proportionate share of income or loss of the JV. They have no responsibility for any operating taxes (like sales or withholding) of the JV.

Any transaction (like the purchase of a digester) would be reported as
-a sales by the JV who would report the sales revenue and the related cost of sales; and
- a fixed asset acquisition of the digester by LRS.
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