Question: Recognition upon initial consolidation of a variable interest entity (VIE) when VIE is a business for $20,000, and correctly accounted for this investment under the

Recognition upon initial consolidation of a variable interest entity (VIE) when

Recognition upon initial consolidation of a variable interest entity (VIE) when VIE is a business for $20,000, and correctly accounted for this investment under the cost method (i.e., it was a passive investment and it was not marketable). $450,000. consolidation of the Legal Entity on January 1, 2013, determine the following amounts: Note: Use a negative sign with your answer in part b. to indicate a loss on initial consolidation of Legal Entity, if applicable

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