S1. When the entity uses the IFRS for SMEs, the entity may choose to measure its investment in jointly controlled entities using the fair value model with changes in fair value recognized in other comprehensive income. S2. A joint venture is required to be structured through a separate vehicle under PFRS 11, Joint Arrangements.

A. S1: True; S2: True

B. S1: False; S2: False

C. S:1 False; S2: True

D. S1: True; S2: False