Which of the Following Statements Is Not True in Relation

Which of the following statements is not true in relation to joint control?

A) each party must have an equal interest for joint control to exist
B) joint control exists only where there is contractually agreed sharing of control
C) entities over which a party has joint control are accounted for in accordance with IFRS 11 Joint Arrangements
D) joint control requires the unanimous consent of the parties sharing control

Correct Answer:

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