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An enterprise that holds a variable interest in variale interest entity is required to consolidate assets, liabilities, revenues and expenses, and the noncontrollingg interest of that entity if:

a. VIE has no voting stock

b. variable interest held by enterprise invovles a lease

c. enterprise has controlling financial interestin VIE

d. other equity interests in VIE have obligation to absorb the expected losses of the VIE

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948072

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