Which of the Following Statements Is Correct Concerning Reporting Interests

Multiple Choice

Which of the following statements is correct concerning reporting interests in joint ventures 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) They must be reported using the same method used for reporting interests in subsidiaries.