The Primary Beneficiary of a Variable Interest Enterprise

question 10

Multiple Choice

The primary beneficiary of a variable interest enterprise:

• A)Must include the assets,liabilities,and results of the variable interest enterprise in its consolidated financial statements.
• B)Can simply record income on a cash basis when dividends are received or income accrued.
• C)Only recognizes a gain or loss on the sale of its interest in the variable interest enterprise.
• D)Only includes the results of the variable interest enterprise if it has in excess of 50% of the voting share capital of the variable interest enterprise.

---

Definitions:

Statistically Rare

A term describing events or occurrences that happen infrequently within a given statistical population or dataset.

Suicide

The act of intentionally causing one's own death.

African-American Women

Women of African descent living in America, who have a unique cultural, social, and historical identity.

American Indian Men

Refers to male individuals who are members of the indigenous peoples of the Americas.