Which of the Following Statements Is False Concerning Variable Interest

question 104

Multiple Choice

Which of the following statements is false concerning variable interest entities (VIEs) ?

• A)Sometimes VIEs do not have independent management.
• B)Most VIEs are established for valid business purposes.
• C)VIEs may be formed as a source of low-cost financing.
• D)VIEs have little need for voting stock.
• E)A VIE cannot take the form of a trust,partnership,joint venture,corporation,or estate.

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