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In 2009 FASB issued SFAS 167, which required companies to consolidate variable interest entities for which they are the primary beneficiary.In a nutshell, this requires
In 2009 FASB issued SFAS 167, which required companies to consolidate variable interest entities for which they are the primary beneficiary.In a nutshell, this requires consolidation of companies that a firm has effective control over without majority ownership.For Coca-Cola, this standard would have impacted their 2010 financial statements.Find and examine Coca-Cola's 2010 financials and discuss how they dealt with Enterprises
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