Question: Off - balance - sheet financing is an attempt to borrow monies in such a way to prevent recording the obligations. Two common forms of

Off-balance-sheet financing is an attempt to borrow monies in such a way to prevent recording the obligations. Two common forms of off-balance sheet financing are holding debt at a subsidiary that does not require consolidation under GAAP and holding debt at special purpose entities.
As a response, The FASB has increased disclosure requirements. Which of the statements below are true.

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