Discuss the control test for asset recognition in relation to the line-by-line method of accounting for interests in jointly controlled operations and jointly controlled assets.

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The Answer is Truehe control test for asset recognition in the line-by-line method for jointly controlled operations and jointly controlled assets:
- Accounting regulations require that assets constitute future economic benefits controlled by the entity.In a joint venture,there is only partial control as opposed to control of all the future economic benefit.
- The line-by-line method also aggregates fully controlled assets with jointly controlled assets in the venturer's financial statements.The effect is to complexly hide the existence of jointly controlled operations and jointly controlled assets in the venturer's financial statements.

Discuss the Control Test for Asset Recognition in Relation to the Line-By-Line