Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statements regarding consol

Which of the following statements regarding consolidation of a VIE with its primary beneficiary is...

80.2K

Verified Solution

Question

Accounting

Which of the following statements regarding consolidation of a VIE with its primary beneficiary is true? A) The consolidation of a VIE with its primary beneficiary requires the business enterprise to follow a separate process than the one required for consolidations based on voting interests. B) All intra-entity transactions between the primary beneficiary and the VIE are included in the consolidation. C) Only intra-entity transactions between the primary beneficiary and the VIE resulting from intra-entity transfers are eliminated in the consolidation. D) VIEs with controlling interests must include one hundred percent of the primary beneficiarys net income in a consolidation. E) The allocation of the VIEs net income is based on an analysis of the underlying contractual arrangements between the primary beneficiary and other holders of variable interests.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

Question 1 Agency theory is a management and economic theory that attempts to explain relationships and self-interest...

Basic Math
1.2K views

f 2 f 1 f 0 f 1 f 2 Question Help J x 3x...

Calculus
1.2K views

Divide 8x 9x 12x 13 3x 4x 1 Write your answer in the following form...

Algebra
1.2K views

or each pair of vectors u and v with angle 8 between them sketch the...

Algebra
1.2K views

Rewrite the following infinite series using sigma notation. (a) 1+1/2 + 1/3+ 1/4+ 1/5 +.......(b)...

Algebra
1.2K views

A AB has length 13 9 and BC has length 19 9 find The length...

Accounting
1.2K views

Utility Value 388,000 1 384,000 0.90 a Using last week's home...

Accounting
1.2K views

Section A (10 points) Q1. Explain the following concepts with suitable examples. a) Direct Cost...

Accounting
1.2K views

TRUE/FALSE 1) The accounts receivable method to estimate bad debts obtains the estimated balance in...

Accounting
1.2K views

Carl and Karina file a joint return. Karina earned a salary of $41,250 and received...

Accounting
1.2K views

at the beginning of the year, a company had 122,000 of liabilities. during the year...

Finance
1.2K views

Filer Manufacturing has 6,451,883 shares of common stock outstanding. The current share price is $34.89,...