Question: If a variable interest entity is to be consolidated, the consolidation entres will be recorded cirectly on the books of the variable interest entity the

If a variable interest entity is to be consolidated,
the consolidation entres will be recorded cirectly on the books of the variable interest entity
the consolidation procedures are similar to those used when consolidating a subsidiary.
the consolidation entries will be recorded directly on the books of the parent.
the consolidation procedures witl ignore amy noncontrolling interest.
If a variable interest entity is to be

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