How should the association reflect its relationship

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Question - A trade and membership association creates a foundation to perform its charitable activities, a significant portion of the association's purpose and mission. Members of the association's Board can appoint themselves as well as all other members of the foundation's Board. Of the foundation's 20 person Board of Directors, 8 members are also Board members of the association. How should the association reflect its relationship with the foundation in its financial statements and why?

Reference no: EM133120637

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