Accounting for equity with insignificant influence (less than 20% ownership) under IFRS requires that: Select one: O a. Gains and losses are reported in other comprehensive income only. b. Gains and losses are reported in either net income or other comprehensive income (OCI). O c. None of the available choices d. Gains and losses are reported in net income only. Accounting for equity with equity with controlling influence (greater than 50% ownership) Select one: a. Should use the consolidation method if the parent company chooses under IFRS b. Should use the consolidation method if the parent company chooses under ASPE c. Requires consolidation method under ASPE O d. None of the available choices