Question: An enterprise that will absorb a majority of the variable interest entity's expected losses or receive a majority of the entity's expected residual returns, or
An enterprise that will absorb a majority of the variable interest entity's expected losses or receive a majority of the entity's expected residual returns, or both is called:
Group of answer choices
cobeneficiary.
none of the answers is correct.
primary beneficiary.
secondary beneficiary.
contingent beneficiary.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
