Adela, Bella, Cara, and Devon form a joint venture of undivided interests for the XYZ...
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Accounting
Adela, Bella, Cara, and Devon form a joint venture of undivided interests for the XYZ project. According to the joint operating agreement, Adela is the operator and the other three are nonoperators. Adela markets the oil and gas for the nonoperators. Who should pay royalties to the royalty owners in general?
| A. | Adela. | |
| B. | Bella. | |
| C. | Cara. | |
| D. | Devon. |
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