Earth Company,Fire Incorporated,and Wind Incorporated Created a Joint Venture to Market

question 19

Multiple Choice

Earth Company,Fire Incorporated,and Wind Incorporated created a joint venture to market their products on the internet.Earth owns 40% of the stock,Fire owns 45% of the stock and Wind owns the remaining 15%.Which firms should report their joint venture investments using the equity method?

• A)Earth
• B)Fire
• C)Earth and Fire
• D)Earth,Fire and Wind