All of the following statements accurately describe Speclal Purpose Entitles $($SPEs$)$ except that:Multiple Choice$801$:$13$:$48$SPEs are corporations, trusts or partnerships created for a single specified purpose.a variable interest entity $($VIE$)$ Is a type of SPE with a limited number of equity Investors.SPEs usually have no substantive operations and are often used for financing operations.among other things, SPEs are used for asset securitization$,$ risk sharing and taking advantage of tax statues.