The FASB has used the term variable-interest entities to describe a company's relationship with other entities. Ownership
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The FASB has used the term "variable-interest" entities to describe a company's relationship with other entities. Ownership may vary from none, to less than 50%, to a 50-50 joint venture, to majority owned. Explain how the ownership interest in a related entity may vary and the effect of the ownership on the accounting used in preparing financial statements.
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Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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