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.

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Definitions:

Mentoring

A process in which an experienced individual provides guidance, advice, and support to a less experienced person.

Job Training

Education or instruction in the skills and knowledge necessary to perform a specific job or task.

Career Stage Model

A framework describing the phases individuals go through during their working life, typically including entry, growth, maturity, and decline stages.

Transition From School

The period of adjustment and adaptation from the educational environment to the professional or higher education settings.