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All of the following are characteristics indicative of an enterprise qualifying as a primary beneficiary with a controlling financial interest in a special purpose entity
All of the following are characteristics indicative of an enterprise qualifying as a primary beneficiary with a controlling financial interest in a special purpose entity except:
Multiple Choice
a. the ownership of the majority of the voting shares.
b. the right to receive the expected residual returns of the entity if they occur.
c. the obligation to absorb the expected losses of the entity if they occur.
d. the direct or indirect ability to make decisions
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