Question: It is generally presumed that an entity is a variable interest entity subject to consolidation if its equity is a. Less than 50% of total

It is generally presumed that an entity is a variable interest entity subject to consolidation if its equity is

a. Less than 50% of total assets.

b. Less than 25% of total assets.

c. Less than 10% of total assets.

d. Less than 10% of total liabilities.

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