Which of the Following Is NOT an Acceptable Way of Reporting

question 60

Multiple Choice

Which of the following is NOT an acceptable way of reporting for a not-for-profit entity over which an organization has control?

• A) By consolidating the controlled organization in its financial statements.
• B) By providing the disclosure set out in paragraph 4450.22 of the Handbook.
• C) If the controlled organization is one of a large number of individually immaterial organizations, by adhering to the disclosure requirements set out in paragraph 4450.26 of the CPA Canada Handbook.
• D) By using the equity method.

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Definitions:

Codon Sequence

A specific sequence of three nucleotides in mRNA that specifies the addition of a particular amino acid to a protein chain during biosynthesis.

Amino Acid Sequence

The amino acid sequence is the order in which amino acids are linked together via peptide bonds to form a protein.

Synthesizes Proteins

The process by which cells build proteins from amino acids based on the instructions encoded in genes.

Ribosome

A cellular structure that synthesizes proteins by translating mRNA into amino acid sequences.