Question: Which statement is true regarding U . S . GAAP and IFRS for joint ventures? Select one: a . Both U . S . GAAP

Which statement is true regarding U.S. GAAP and IFRS for joint ventures?
Select one:
a. Both U.S. GAAP and IFRS require consolidation of joint ventures.
b. Both U.S. GAAP and IFRS require the equity method for joint ventures.
c. U.S. GAAP reports joint ventures using the equity method, and IFRS requires consolidation of joint ventures.
d. U.S. GAAP requires consolidation of joint ventures while IFRS requires the equity method.
Which statement is true regarding U . S . GAAP

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