Under GAAP,the ________ Will Include the Variable Interest Entity in Consolidated

question 45

Multiple Choice

Under GAAP,the ________ will include the variable interest entity in consolidated financial statements.

• A)special purpose entity
• B)limited liability company
• C)trust
• D)primary beneficiary

---

Definitions:

Variables

Elements, features, or factors that are liable to vary or change within a study or experiment.

Representative Sample

A smaller group taken from a larger population that accurately represents the characteristics of the whole population.

National Election

The process by which citizens of a country vote to choose representatives or leaders at a national level.

Causes

The reasons or factors that bring about an effect or a result.