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Accounting

An enterprise that holds a variable interest in a VIE is required to condolidate the assets, liabilities, revenues, expenses and noncontrolling interest of that enitiry if:

A) The VIE has issued no voting stocks

B) The variable interest held by the enterprise incolves a lease.

C) The enterprise has a controlling financial interest in the VIE

D) Other equity interests in the VIE have the obiligation to obsorb the expected losses of the VIE.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M959705

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