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Question 8. Research the FASB ASC Topic 810 regarding variable interest entities (VIEs). Under this standard, a primary beneficiary must consolidate its VIE. a. In

Question 8. Research the FASB ASC Topic 810 regarding variable interest entities (VIEs). Under this standard, a primary beneficiary must consolidate its VIE. a. In accordance with ASC 810, what is a VIE? b. How does Alibaba Group apply ASC 810 to consolidate its VIEs? Cite the specific provisions in the ASC to support your argument.

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