The usual criterion for preparing consolidated financial statements is voting control in the form of majority ownership of common stock. However, for some entities common stock ownership does not indicate control because the common stock of the entity lacks one or more of the economic characteristics associated with equity. Which of the following is/are true?
a. U. S. GAAP refers to such entities as a variable interest entity (VIE).
b. If the invested equity is so small that the entity requires other financial support to sustain its activities, it meets the criteria for a variable interest entity.
c. If the equity owners lack meaningful decision rights, it meets the criteria for a variable interest entity.
d. choices a and b, only
e. choices a, b, and c.
E
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A) is a tool for creating curves and geometric shapes. B) helps ensure an effective design and saves you the time of making numerous decisions every time you create a chart or graphic. C) is any kind of chart generated by a spreadsheet program. D) is a tool for creating classic architectural views. E) is helpful only for those who cannot use basic software functions.
A resource of a firm is considered to be
A. deployed to develop and enable a firm's capabilities. B. a competitive deficiency. C. an environmental threat. D. the capacity of a firm to competently perform some internal activity. E. a market opportunity.
Which of the following is the first step in conducting a conventional job analysis?
A. develop preliminary job information B. verify job description C. conduct initial tour of work site D. conduct interviews E. consolidate job information
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Indicate whether the statement is true or false