Wellness Society, a not-for-profit organization, has a 35% economic interest in the Walk for Canada, another not-for-profit organization. The organizations operate independently, have no directors in common, and have no transactions with each other. For financial reporting purposes, how should Wellness Society account for its interest in the Walk for Canada?

Answer rating: 100% (QA)

For financial reporting purposes Wellness Society should account for its interest in the Walk for Ca... View the full answer