Which of the following statements pertaining to a special-purpose entity (SPE) IS INCORRECT? Multiple Choice An SPE is typically created to conduct activities that are part of the sponsoring entity's ongoing activities. An SPE offers protection to creditors by limiting the activities of the SPE to ones specified in the governing documents. The equity investors often give up control of the SPE to the primary sponsor in exchange for a guaranteed rate of return. Since the sponsoring entity typically owns no shares or very few of the voting shares of the SPE, it is not required to consolidate the SPE