In a Classroom Discussion of Accounting Standards for Unincorporated Joint

In a classroom discussion of accounting standards for unincorporated joint ventures, student Marcia was highly critical of the proportionate share method of accounting, under which each venturer recognizes in its accounting records its percentage share of the venture's revenue, expenses, assets, and liabilities. Marcia stated that she was unaware of any other situation in which legal form of a specific type of business enterprise resulted in acceptable alternative accounting standards of recognition and financial statement display.
What is your opinion of student Marcia's view? Explain.