Qualitative evidence that an entity is NOT a variable interest entity includes which one of the following?

a The entitys equity level is greater than that of similar entities that do not require their debt to be guaranteed by another party.

b The entity has a debt to equity ratio that is higher than that of its competitors.

c The entitys business is not focused on just a few customers.

d The entity has issued preferred and common stock, and the shareholders are guaranteed a certain return on their investment.