Which statement is false? Which statement is false? Oil and gas operations may use the proportionate consolidation method. When material is transferred between properties, no gain or loss is recognized until the last well is abandoned. Operators in joint venture operations generally have the right to audit the accounts of the nonoperator typically within 24 months following the close of the year. According to COPAS, an operator may charge a joint account for the use of operator-owned equipment. All of the above statements are true