According to AICPA Guidance, a Not-For-Profit Organization (X) Is Required

According to AICPA guidance, a not-for-profit organization (X) is required to consolidate a related not-for-profit organization (Y) in its financial statements when

A) The relationship results from a merger of X and Y.
B) X has a controlling financial interest in Y through direct or indirect ownership of a majority voting interest.
C) X can control Y through a contract or affiliation agreement, even though X does not have a majority ownership or voting interest.
D) Any of the above.