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

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Definitions:

Hydrophilic

Interacting readily with water; having a greater affinity for water molecules than they have for each other. Compare with hydrophobic.

Ionic Bond

A chemical bond formed between two ions with opposite charges, often between a metal and a non-metal, creating a stable molecule.

Electrically Neutral

A state in which an object or system has an equal number of positive and negative charges, resulting in no net charge.

Protons

Positively charged subatomic particles found in the nucleus of an atom, determining the atomic number of an element.