Eastern Company contributes $5 million while Western Company contributes management expertise toward the creation of a joint venture called Ying. Ying purchases a building and obtains a mortgage to finance the purchase. The joint venture renovates the building with the help of contractors, who are paid 25 days after they render their services. After completion of renovations, Ying operates the building as a hotel. It also sells some of the rooms to individual investors. As a part of the purchase of each room, an investor has rights to 30% of the revenue from the hotel room purchased, while Ying retains 70% to cover operating costs.
Identify all the financial assets involved in the above situation.

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The Answer of Eastern Company contributes $5 million while Western Company contributes management expertise toward the creation of a joint venture called Ying. Ying purchases a building and obtains a mortgage to finance the purchase. The joint venture renovates the building with the help of contractors, who are paid 25 days after they render their services. After completion of renovations, Ying operates the building as a hotel. It also sells some of the rooms to individual investors. As a part of the purchase of each room, an investor has rights to 30% of the revenue from the hotel room purchased, while Ying retains 70% to cover operating costs.
Identify all the financial assets involved in the above situation.

Eastern Company Contributes $5 Million While Western Company Contributes Management