How Are IASB Requirements to Account for Joint Ventures Different

Multiple Choice

How are IASB requirements to account for joint ventures different from U.S.GAAP?

A) International standards require the equity method, but U.S.GAAP allows for flexibility in accounting for joint ventures.
B) U.S.GAAP requires the equity method, whereas the international standards require proportionate consolidation.
C) IASB standards and U.S.GAAP are essentially the same for accounting for joint ventures.
D) IASB standards do not specify which methods are allowed to account for joint ventures, whereas U.S.GAAP requires proportional consolidation.