A Joint Operation Should Be Accounted for Using The

A joint operation should be accounted for using the:

A) cost method in the venturer's own books and the equity method in the group accounts (if they are prepared) .
B) net market method in the books of the venturer and also in the group accounts.
C) cost method in the venturer's own books and the equity method in the group accounts, if they are prepared. Where group accounts are not prepared, the equity method should be applied in the venturer's own books.
D) line-by-line method in the joint operator's statement of financial position.

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