When an entity sponsors another but has no interest, the entity is required to disclose the nature purpose, and size.

Question

Quizplus · Accepted Answer

Sponsorship without interest typically does not require disclosure of the nature, purpose, and size of the sponsorship in financial statements or regulatory filings. Disclosure requirements generally apply to financial interests or relationships that could affect the financial position or performance of the entity.

When an Entity Sponsors Another but Has No Interest, the Entity