Variable Interest Entities Both Entity A and Entity B have a variable interest in Vixco, a variable
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Variable Interest Entities Both Entity A and Entity B have a variable interest in Vixco, a variable interest entity. Entity A is entitled to receive a majority of Vixco’s expected residual returns. En¬
tity B is obligated to absorb a majority of Vixco’s expected losses.
Which entity, if any, must consolidate Vixco?
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