How Would the Not-For-Profit Organization Report Each Controlled Profit-Oriented Enterprise

question 22

Multiple Choice

How would the not-for-profit organization report each controlled profit-oriented enterprise?

• A) It is not required to report its interest in profit-oriented subsidiaries.
• B) By disclosure in the notes to the financial statements of the not-for-profit organization.
• C) By consolidating the controlled enterprise into its own financial statements or by using the equity method and disclosing additional financial information.
• D) By using the cost method together with appropriate note disclosure.

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Definitions:

Nurse Practice Acts

Sets of laws established in each state in the US that define the scope of nursing practice and provide for the regulation of the profession by a state board of nursing.

Scope of Practice

The bounds defined by law and professional standards within which a professional can practice and perform services.

Disciplinary Action

Measures taken by an authority or organization to correct or penalize misconduct or non-adherence to rules and policies.

Lobbying

The act of attempting to influence decisions made by officials in the government, most often legislators or members of regulatory agencies.