Determination of primary beneficiary

FASB ASC 810 ("Consolidations") states that a Primary Beneficiary is the company that consolidates a variable interest entity (VIE). Which of the following is not a triggering condition for a reporting entity to be deemed the Primary Beneficiary of a VIE in which the reporting entity has a variable interest?

The reporting entity owns a majority of the voting common stock of the VIE.

The reporting entity has the power to direct the activities of a VIE that most significantly impact the VIE's economic performance.

The reporting entity has the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE.

Both b and c, above, are not triggering conditions