The Primary Beneficiary of a Variable Interest Enterprise

question 50

Multiple Choice

The primary beneficiary of a variable interest enterprise:

• A) must include the assets, liabilities, and results of the variable interest enterprise in its consolidated financial statements.
• B) can simply record income on a cash basis when dividends are received or income accrued.
• C) only recognizes a gain or loss on the sale of its interest in the variable interest enterprise.
• D) only includes the results of the variable interest enterprise if it has in excess of 50% of the
• Voting share capital of the variable interest enterprise.

---

Definitions:

Socialist Feminism

A feminist movement that connects the struggle against gender inequality with the critique of capitalism, advocating for social and economic change to empower women.

Radical Feminism

A perspective within feminism that calls for a drastic reordering of society to eliminate male supremacy in all social and economic contexts.

Earnings Gap

The disparity in income between different groups of people, often highlighted between genders, races, or education levels.

Since the 1960s

Typically denotes a reference point in discussions about social, cultural, or technological changes that started or were significantly noticeable from the 1960s onward.