Which of the Following Statements Is Correct Concerning Reporting Interests

Multiple Choice

Which of the following statements is correct concerning reporting interests in jointly controlled enterprises in compliance with the Accounting Standards for Private Enterprises (ASPE) ?

A) They must be reported using proportionate consolidation.
B) They must be reported using the equity method.
C) They must be reported using the cost method.
D) May report using the cost method or the equity method.