On January 1,2024, Pikes Corporation loaned Venti Company $314,000 and agreed to guarantee all of...

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Accounting

On January 1,2024, Pikes Corporation loaned Venti Company $314,000 and agreed to guarantee all of Ventis long-term debt in exchange for (1) decision-making authority over all of Ventis activities and (2) an annual management fee of 25 percent of Ventis annual revenues.

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