# ASC 323-932-05: Investments—Equity Method and Joint Ventures — Extractive Activities—Oil and Gas — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

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## ASC 323-932-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/323/932/#05-overview-and-background)

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##### [323-932-05-1](https://asc.understandingaccounting.org/asc/323/932/#323-932-05-1)

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This Subtopic addresses the equity method and joint ventures in the oil and gas industry.