SPEs are entities that are restricted by contract or corporate charter to engage in specified and generally limited economic activities. Because of these restrictions, SPEs do not have the same ongoing control issues as ordinary firms, and their equity holders voting rights often are of little or no importance. Assuming that an SPE is not consolidated by the firms involved with it, The SPE enables those firms to obtain off-balance sheet financing of the assets held by the SPE and to recognize income on transactions with the SPE. What are the accounting issues in this context?