# ASC 323-932-45: Investments—Equity Method and Joint Ventures — Extractive Activities—Oil and Gas — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/323/932/#45-other-presentation-matters)

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## ASC 323-932-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/323/932/#45-other-presentation-matters)

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##### [323-932-45-1](https://asc.understandingaccounting.org/asc/323/932/#323-932-45-1)

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Industry practice allows investors to account for investments in unincorporated legal entities on a proportional basis (see paragraph [810-10-45-14](https://asc.understandingaccounting.org/asc/810/10/#810-10-45-14)).