Question: Confabulateds special purpose entity is most likely to be: A . held off -balance sheet. B . consolidated on Confabulateds fi nancial statements. C .

Confabulated’s special purpose entity is most likely to be:

A . held off -balance sheet.

B . consolidated on Confabulated’s fi nancial statements.

C . consolidated on Confabulated’s fi nancial statements only if it is a “qualifying SPE.”

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