In determining whether or not a variable interest entity is to be consolidated, the FASB focused on
Question:
In determining whether or not a variable interest entity is to be consolidated, the FASB focused on
a. Legal control.
b. Share of profits and obligation to absorb losses.
c. Frequency of intercompany transfers.
d. Proportionate size of the two entities.
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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