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A joint venture in financial accounting refers to a temporary business arrangement where two or more parties come together to undertake a specific project or business activity for mutual benefit. Unlike a partnership, which is continuous in nature, a joint venture is formed for a limited period and is dissolved once the purpose is achieved. The parties involved contribute resources such ________ _________ __________ ________ _______ _______ _________ __________ ________ _________ __________ ______.
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