Peters inc. consolidates a variable interest entity even though it owns none of the entity's equity. The appropriate values of the VIEs assets exceed those of its fiabilities. The difference between the VIE's assets and liabilities is reported on Peters' balance sheet

No answer text provided.

In equity. as 'noncontrolling interest"

In equitv as an increase in retained eamings

As a noncurrent liability

As a contra to the investment account reported in Petes assets