Determining the VIEs primary beneficiary can often be difficult when multiple entities are involved and they are related parties, however, which of the following is NOT used to determine who the primary beneficiary is?

Select one:

a.

A majority share of risks and rewards

b.

The power to direct activities of the VIE that most significantly impact the VIE's economic performance

c.

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

d.

The entity involved in the design of the VIE