With Regard to a Variable Interest Entity (VIE),Ann Company May

question 49

Multiple Choice

With regard to a variable interest entity (VIE) ,Ann Company may meet the following two conditions: Condition I
Ann Company has the power to direct VIE activities that significantly impact VIE's economic performance.
Condition II
Ann Company has an obligation to absorb losses and/or a right to receive significant benefits from the VIE.
Ann Company must consolidate a VIE if

• A)Condition I is met only.
• B)Condition II is met only.
• C)either Condition I or Condition II is met.
• D)both Condition I and Condition II are met.

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Definitions:

Catharsis Hypothesis

The idea that expressing or venting emotions can lead to a reduction in emotional stress or improvement in psychological well-being.

Cannon-Bard Theory

A theory of emotion proposing that emotions and physiological reactions, such as sweating and trembling, occur simultaneously following a stimulating event.

Imitating

The act of copying or replicating the actions, behaviors, or appearances of someone or something else.

Facial Expression

The movement of the facial muscles to convey emotions, thoughts, or feelings.