单选题 Par-Mac Corporation is a joint venture equally controlled by Parker Company and Macintosh Company. Which method should Macintosh use to account for its ownership interest in Par-Mac according to U. S. Generally Accepted Accounting Principles ( U. S. GAAP), and which method recommended for Parker under International Financial Reporting Standards (IFRS) ? U.S. GAAP IFRS ①A. Equity method Proportionate consolidation method ②B. Equity method Consolidation method ③C. Consolidation method Proportionate consolidation method

A、

A. ①
B、

B. ②
C、

C. ③

【正确答案】 A

【答案解析】When a finn that reports under U.S. GAAP has joint control over another entity, the equity method of accounting is required. Under IFRS, the proportionate consolidation method is the recommended method; however, the equity method is also permitted.