Explain the relationship of nfpo with c inc

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Question: A not-for-profit organization (NFPO) owns 20% of shares of Co C Inc., a profit orientated company. One of NFPO's director also sits on the Board of Directors of C Inc. NFPO purchases 70% of the inventory produced by C Inc.

Explain the relationship of NFPO with C Inc. and how the investment should be reported in the NFPO's books.

Reference no: EM133328309

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