Organization X owns a 38 percent equity stake in Organization Y. Which of the following statements is true regarding the financial treatment for this relationship?
A.
Y should be listed as an investment asset on X's balance sheet
B.
X must consolidate the financial statements for both organizations
C.
Y should be reported as a footnote to X's financial statements
D.
Y should not be reported by X as X does not have a controlling interest
Chosen Answer:
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