If a joint venture is deemed to be a reporting entity according to terms contained in the AASB Framework,then general purpose financial reports that comply with the relevant Accounting Standards may need to be prepared.

Name: If a joint venture is deemed to be a reporting entity according to terms contained in the AASB Framework,then general purpose financial reports that comply with the relevant Accounting Standards may need to be prepared.
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The Answer is True

If a Joint Venture Is Deemed to Be a Reporting