Question

In this chapter, we discuss how Enron and other companies use variable interest entities (VIEs) to keep the effects of transactions and events off corporate balance sheets.
1. How does the FASB define a VIE? In other words, how does an entity qualify to be a VIE?
2. Is a company that meets the definition of a VIE required to consolidate the VIE?



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  • CreatedDecember 17, 2014
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