Problem

An enterprise that holds a variable interest in a variable interest entity (VIE) is requir...

An enterprise that holds a variable interest in a variable interest entity (VIE) is required to consolidate the assets, liabilities, revenues, expenses, and noncontrolling interest of that entity if:

a.The VIE has issued no voting stock.

b.The variable interest held by the enterprise involves a lease.

c.The enterprise has a controlling financial interest in the VIE.

d.Other equity interests in the VIE have the obligation to absorb the expected losses of the VIE.

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