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  3. which of the following statements are true of a vi

Which of the following statements are true of a VIE? ...

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Accounting

Which of the following statements are true of a VIE?

If the vie is a business, it's sponsoring firm will never recognize goodwill

If the entity's equity equals $10,000,000, the expected losses can not exceed $10,000,000

The sponsoring entity may have rights to the VIE's assets or be obligated to absorb its losses

It does not exist when a parent owns 51% of a sub and produces consolidated financials

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