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6. According to GAAP relative to consolidation of variable interest entities, a. A not-for-profit organization may not be treated as a variable interest entity. b.
6. According to GAAP relative to consolidation of variable interest entities, a. A not-for-profit organization may not be treated as a variable interest entity. b. A variable interest entity has an equity investment of more than 10% of its total assets. c. A variable interest entity is consolidated by its primary beneficiary when the beneficiary becomes involved with the entity. d. Corporations may not be organized as variable interest entities
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