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

Question

Quizplus · Accepted Answer

The not-for-profit organization can report each controlled profit-oriented enterprise by consolidating it into its own financial statements or using the equity method and disclosing additional financial information in the notes to the financial statements. The cost method combined with appropriate note disclosure is also an option, but it may not provide as much relevant information as the other methods. Therefore, options A and D are incorrect, and option B may not be comprehensive enough to meet the reporting requirements.

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