1.18 Identify the method that is used to value investment in a joint venture held by a venture capital organization that has been classified as held for trading. (1)
A. Fair value method
B. Equity method
C. Proportionate consolidation method
D. Full consolidation method
1.19 Under the proportionate consolidation method, which of the following options is included in the balance sheet of the venture? (1)
A. Full value of assets
B. Its proportionate share of assets
C. Only liabilities
D. Cost of the assets
1.18 A. Fair value method
1.19 B. Its proportionate share of assets