Which of the Following Is True Regarding SIC 12, "Consolidation--Special

question 23

Multiple Choice

Which of the following is true regarding SIC 12, "Consolidation--Special Purpose Entities", and FIN 46R, "Consolidation of Variable Interest Entities"?

• A) Both pronouncements state that technical voting control of an SPE is the determining factor in deciding to consolidate a variable-interest or special-interest entity.
• B) Both pronouncements state that the substance of the relationship between an entity and the variable-interest or special-purpose entity is the determining factor in deciding to consolidate a variable-interest or special-purpose entity.
• C) Both pronouncements state that the entity expected to bear the majority of the expected gains or losses of the variable-interest or special-purpose entity should consolidate the variable-interest or special-purpose entity.
• D) Both pronouncements show evidence of being a principles-based standard.

Recognize the role of culture in adapting individuals to various environments: physical, social, metaphysical, and unconscious.

Identify and explain Fiske's four basic patterns of social relations.

Grasp the concept of cultural transmission and its significance in shaping beliefs and behaviors.

Explain the role of culture in addressing and adapting to the metaphysical environment and concepts of death.

---

Definitions:

Permissive Bargaining Issue

issues in collective bargaining that are not mandatory or illegal for negotiation, and may be discussed at the discretion of both parties, such as certain employee benefits.

Good Faith Effort

An honest, sincere intention or attempt to fulfill a duty or obligation without intent to defraud or seek an unfair advantage.

Legal Requirements

Mandatory conditions or laws that an entity must comply with in its operations or activities.

Willing Parties

Refers to individuals or entities that are ready and eager to participate or engage in a specific agreement, negotiation, or contract.