The nineteenth century witnessed the evolution of joint ventures into business corporation.© BrainMass Inc. brainmass.com June 4, 2020, 12:47 am ad1c9bdddf
The joint ventures of businesses in England brought about reform to the accounting industry. England adopted the statutory establishment of corporations in 1845 which helped to develop accounting standards and laws that safeguarded stockholders from corporate officers (Schroeder, Clark, & Cathey, 2005). In the beginning anyone could claim to be an ...
This solution contains a synopsis of the evolution of joint ventures into business corporations.