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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