Marzi AG had the following investments in shares of other companies on December 31, Year 1: COMPANY STATUS % VOTING RIGHTS COMMENTS Elena Domestic 100% Operations differ from those of Marzi AG and other subsidiaries Barbara Domestic 45% No other shareholder owns more than 0.1% of the voting rights Arina Foreign 30% Arina has incurred a net operating loss three years in a row Sophia Domestic 100% Sophia is under jurisdiction of bankruptcy court Kristen Domestic 100% Operations are immaterial to those of Marzi AG Layla Domestic 40% Management control contract provides Marzi AG with effective control Sara Domestic 90% Marzi AG intends to sell one-half of its investment in Sara but not yet actively seeking a buyer Sahar Foreign 50% Sahar is jointly owned with another company Sepeed Foreign 15% No other shareholder owns more than 10% of the voting shares Shaghi Foreign 70% Marzi AG can no longer bring home its dividends due to the host government passed a ban on repatriation of dividends Elizabeth Domestic 51% Remaining 49% is owned by another company. Determine the appropriate method for including each of these investments in Marzi AGs consolidate financial statements in accordance with: IFRS U.S. GAAP