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The FASB ASC Subtopic Variable Interest Entities affects thousands of business enterprises that now, as primary beneficiaries, consolidate entities that qualify as controlled VIEs. Retrieve

The FASB ASC Subtopic Variable Interest Entities affects thousands of business enterprises that now, as primary beneficiaries, consolidate entities that qualify as controlled VIEs.

Retrieve the annual reports of a company with controlled VIEs. What are the reasons for consolidation of the company's VIEs? What is the effect of the consolidation of the VIE(s) on the company's financial statements?

Possible choices: Walt Disney Company, General Electric, ConAgra Foods, Time Warner, Allegheny Energy.

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