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Which of the following does not accurately inform about a variable interest entity (VIE)? Multiple Choice The power to direct the activities of the VIE
Which of the following does not accurately inform about a variable interest entity (VIE)?
Multiple Choice
- The power to direct the activities of the VIE that most significantly impact the VIE's economic performance is the definition of a controlling financial interest.
- A variable interest entity may take many forms including corporations and partnerships.
- There are 2 criteria for determining if a company has a controlling financial interest in a variable interest entity.
- In pre-codification literature, a variable interest entity was referred to as a Special Purpose Entity
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