The Implied Value of a VIE at Acquisition Under Canadian

question 3

Multiple Choice

The implied value of a VIE at acquisition under Canadian GAAP is equal to:

• A)The fair value of the VIE.
• B)The fair value of the non-controlling interest of the VIE.
• C)The book value of the VIE.
• D)Consideration paid by the primary beneficiary,plus the reported value of any previously held interests.
• E)(b)& (d).

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Definitions:

Boot Process

The specific order a device goes through to power up, locate an operating system, and automatically load services and applications.

BIOS

Basic Input/Output System, firmware used to perform hardware initialization during the booting process of a computer.

Active Listening

The practice of paying full attention to speakers, understanding their message, and responding thoughtfully, essential in effective communication.

Jewelry

Decorative items worn for personal adornment, such as rings, necklaces, and bracelets, often made from precious metals and stones.