AUS. company consolidates a VIE with which it has a contractual relationship, but no equity investment. If the company and the entity were not previously under common control, at the date the company identifies the entity as a VIE that meets the requirements for consolidation, the U.S. company’s consolidated balance sheet will report a noncontrolling interest valued at

a. the VIE’s book value.

b. the VIE’s fair value.

c. zero

d. the fair value of the VIE’s assets.