Which of the Following Statements About Variable Interest Entities (VIE)is

question 46

Multiple Choice

Which of the following statements about variable interest entities (VIE) is false?

• A)Under GAAP,a VIE may be a corporation,partnership,limited liability company or trust.
• B)Under GAAP,pension plans are excluded from VIE accounting.
• C)A potential VIE must be a separate entity,not a subset,branch or division of another entity.
• D)VIEs do not require the identification of a primary beneficiary.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.