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When might the legal entity approach ( carve out financial statements ) not be appropriate?Spin - off and depooling criteria are not met.IPO and the

When might the legal entity approach (carve out financial statements) not be appropriate?Spin-off and depooling criteria are not met.IPO and the depooling criteria are not met.Net assets that constitute a business (rather than a legal entity) are being diverted.Sale of substantially all of the legal entity.All are true.

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