Question: 1. An entity is generally considered to be a variable interest entity (VIE) subject to consolidation by the sponsoring entity if outside third-party equity is

1. An entity is generally considered to be a variable interest entity (VIE) subject to consolidation by the sponsoring entity if outside third-party equity is less than what percentage of the market value of the VIE's assets?

2. When two or more corporations establish an entity deemed to be a VIE subject to consolidation, what is the guiding principle used to determine which corporation should consoli- date the VIE?

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